Market

Is the stock market closed tomorrow?

NEW DELHI: Equity, currency, and derivatives markets will be closed for trading on Wednesday, July 21 as the Street and the nation will observe Bakri-Id. Commodity markets will be closed for the morning session but will open in the evening.

The bourses will reopen for trading on July 22, Thursday.

On Tuesday, benchmark indices fell for the third straight day, joining the global sell-off due to rising virus concerns. Barring select FMCG counters, all sectors fell led by banks and metals.

The 30-share pack Sensex declined 354.89 points or 0.68 per cent to close at 52,198.51. Its broader peer NSE Nifty dipped 120.30 points or 0.76 per cent to 15,632.10.

“Sharp fall in crude price & US bond yields reflected the rising concern over fall in future growth. Vulnerability from premium valuations, upcoming FOMC meeting and selling by foreign investors exposed the Indian market,” said Vinod Nair, Head of Research at Geojit Financial Services.

Market breadth was in favour of losers as 1,137 stocks ended in the green, while 2,098 names settled with cuts. As many as 434 securities hit 52-week highs, mostly from the smallcap space. Meanwhile, 10 names hit 52-week lows, mostly from the microcap space. About 450 stocks hit upper circuit limits and 245 lower circuit limits.

European markets were trading higher. London-based FTSE was up 0.47 per cent while Paris and Frankfurt declined 0.65 per cent and 0.27 per cent, respectively. In Asia, all markets ended in the red.

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