Indian stock market will be closed on Wednesday on account of Diwali Balipratipada, therefore, there will be no trading activity today. According to the information available on the official website of BSE, trading on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) will remain closed for the entire session on Wednesday ie October 26, 2022.

According to the list of stock market holidays for 2022 on BSE official website, there will be no activity in Equity Segment, Equity Derivatives Segment and SLB Segment today. Meanwhile, trading in the Currency Derivatives and Interest Rate Derivatives segment will also remain suspended today. In the commodities segment, trading at the Multi Commodity Exchange (MCX) will remain closed in the first half on the three stock market holidays, but trading will take place in the second half from 5 pm (evening session) on October 26, 2022.

Trading holidays in 2022 on BSE and NSE will be held on November 8, 2022 which will also be the last holiday of this year. According to the data available on the BSE website, “There will be no activity in the Equity Segment, Equity Derivatives Segment and SLB Segment” on stock market holidays.

Meanwhile, equity benchmarks ended lower on Tuesday, ending their seven-day rally, amid weak Asian market cues and mixed trends. The BSE benchmark failed to hold on to the early gains and fell 287.7 points to close at 59,543.9. On similar lines, the NSE Nifty fell 0.4% to end at 17,656.

The rupee gained 7 pence to close at 82.81 (provisional) against the US dollar on Tuesday, as softening crude oil prices dampened investor sentiment.

In the special one-hour Muhurat trading session on Monday to mark the beginning of the Hindu Samvat year 2079, the benchmark BSE jumped 524.5 points to end at 59,831.6. The Nifty advanced 0.8% to end at 17,730.

“In Samvat 2079, volatility may continue, but at a slower pace, nearing a peak in the rate hike cycle. A resumption of growth at the global level and especially on the domestic front is needed to dispel the sluggish mood and get back on a path of sustained growth in the markets,” HDFC Securities said in a note.

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