Journalism of Courage
Indian share, commodity and currency markets closed on account of Republic Day
On Tuesday, the S&P BSE Sensex had ended 366.64 points (0.64 per cent) higher at 57,858.15, and the Nifty 50 on NSE had risen 128.85 points (0.75 per cent) to settle at 17,277.95.
The Indian stock, commodity and money markets will remain shut on Wednesday, January 26, 2022, on account of Republic Day. They will resume trading on Thursday, January 27, 2022.
You need a subscription to read this story. Republic Day Sale: Annual pack at Rs 999
Already a subscriber? Sign In
This content is exclusive for our subscribers.
Subscribe to get unlimited access to The Indian Express exclusive and premium stories.
On Tuesday, the domestic stock markets snapped out of a five-day losing streak and staged an intra-day comeback. After plunging to a low of 56,409 at one stage, the S&P BSE Sensex rallied 1,448 points intra-day to close with a gain of 367 points (0.64 per cent) at 57,858.15 while the Nifty 50 rose 129 points (0.75 per cent) to 17,277.95 on bargain hunting.
The rupee declined by 18 paise to close at 74.78 against the US dollar.
Commenting on the outlook for Nifty, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, “The sharp downtrend in the market seems to have halted at the important support and the market is now ready to show upside bounce. A confirmation of bottom reversal as per Tuesday’s low is likely to pull Nifty towards the upper 17,800 levels in the near term. Any dips could find support around 17,100 levels.”
© IE Online Media Services Pvt Ltd