On Thursday, May 2, trading on the NSE and BSE will restart.
Due to Maharashtra Day (Labour Day), the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed on May 1. The trading of interest rate derivatives, stocks, SLBs, currency derivatives, and derivatives involving derivatives will all be closed for the day.
The morning session, which runs from 9 a.m. to 5 p.m., will see the commodity derivatives sector remain closed, and the evening session will continue to operate from 5 p.m. to 11:55 p.m.
Trading will start up again on Thursday, May 2, on the NSE and the BSE.The market reversed all of its intraday gains on April 30 during a very tumultuous session, with selling observed in the IT, metal, media, oil & gas, and media names. The market ended negative.
The Nifty was down 38.60 points, or 0.17 percent, at 22,604.80, and the Sensex was down 188.50 points, or 0.25 percent, at 74,482.78, at the closing.On the Nifty, the biggest gainers were M&M, Power Grid Corporation, Shriram Finance, Hero MotoCorp, and Bajaj Auto; the top losers were Tech Mahindra, BPCL, JSW Steel, HCL Technologies, and Sun Pharma.
Manchester United’s CFO and CEO will retire.Due to positive demand-supply dynamics, LME copper prices are rising and could eventually reach all-time highs.The market is still trending upward; invest in these three stocks to earn up to 10% in short term returns: Samco Security…IT, metal, media, oil & gas, and healthcare were among the sectors that saw declines of 0.4–1%, whilst real estate, power, and automobile saw increases of more than 1% apiece.
The BSE midcap index reached a new high and finished 0.5 percent higher, while the smallcap index finished flat. The larger indices did better than the benchmarks.”Nifty saw selling pressure as it ran into resistance close to the previous swing high, which led to a shaky close.The fact that other indicators like the 50-day and 20-day Simple Moving Averages (SMAs) are below the index value suggests that the current upward trend is still in place. A bullish crossover is also indicated by the Relative Strength Index (RSI), according to Rupak De, Senior Technical Analyst at LKP Securities.”
Unless it breaks above the all-time high of 22783, the headline index’s movement may continue sideways over the coming days. The index may drop further lower below the immediate support level of 22500 on the negative, the speaker continued.
The Indian rupee closed Tuesday at 83.43 against the dollar, slightly higher than it closed on Monday at 83.47.The rupee held steady at approximately 82.42, while the dollar index displayed little movement. Due to capital market volatility, the rupee was limited to a range. For any rupee price movement, participants are keeping a tight eye on the US’s impending interest rate announcement. The rupee continues to weaken, albeit steadily, according to Jateen Trivedi, VP Research Analyst, Commodities and Currency, LKP Securities.