Dalal Street saw a broad-based sell-off in its last session as investor sentiment on markets remained cautious due to the 50% tariff that comes into effect from today.
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are closed today, Wednesday, August 27, on account of Ganesh Chaturthi. Investors looking to trade will have to wait until tomorrow when markets reopen.
The holiday on Dalal Street came as a well-deserved breather as the Sensex and Nifty lost over 1% ahead of the 50% tariff on Indian exports that came into effect today. However, the impact of this move on stocks will only be seen once trading resumes.
WHY IS THE STOCK MARKET CLOSED TODAY?
Ganesh Chaturthi is a state holiday in Maharashtra. Since both the NSE and BSE are based in Mumbai, trading remains suspended for the day.
The stock market holiday list for 2025, available on the official BSE website, confirms that markets will remain shut on August 27 for Ganesh Chaturthi.
This is the second market holiday in August. Earlier, markets were closed on August 15 for Independence Day.
WHAT MARKETS ARE AFFECTED?
Trading is closed for the day in equities, equity derivatives, securities lending and borrowing, currency derivatives, and electronic gold receipts.
According to the Multi Commodity Exchange (MCX), commodity markets are shut for the morning session from 9 am to 5 pm. However, evening trading will resume between 5 pm and 11:30/11:55 pm.
Banks in several cities are also closed today as per the Reserve Bank of India’s holiday calendar.
WHAT ARE THE NEXT MARKET HOLIDAYS?
For the rest of the year, stock markets will remain closed on the following dates:
October 2: Mahatma Gandhi Jayanti/Dussehra
October 21: Diwali Laxmi Pujan
October 22: Diwali Balipratipad
November 5: Prakash Gurpurb Sri Guru Nanak Dev
December 25: Christmas
MARKET OUTLOOK AFTER THE HOLIDAY
Analysts say that markets may remain under pressure once trading resumes. Ajit Mishra, Senior Vice President, Research, at Religare Broking Ltd, said, “With the Nifty slipping below its immediate support at the 20-day exponential moving average and the banking index breaching its critical base around 54,900, further downside cannot be ruled out.”
He added, “We expect the index to fill the recent gap and retest its medium-term moving average around 24,600. Export-oriented sectors may continue to see selling pressure, while domestic demand-driven sectors such as FMCG and consumer discretionary could offer some stability. Traders should also watch global market trends, foreign fund flows, and any policy measures that may help limit trade-related concerns.”
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
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