India’s two main stock exchanges will take a break on December 25, leaving all trading halted for the holiday.
Exchange closures on Christmas
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will not trade any equities, derivatives, SLBs, currency or interest‑rate contracts on December 25. Commodity futures will also be paused for both the morning and evening sessions. Normal trading resumes on Friday, December 26.
How the market ended on December 24
Despite a quiet session, Indian indices slipped a little before the holiday.
- Sensex: down 116.14 points (‑0.14%) to 85,408.70
- Nifty 50: down 35.05 points (‑0.13%) to 26,142.10
Big gainers on the Nifty included Trent, Shriram Finance, Apollo Hospitals, UltraTech Cement and Adani Ports. Losers were InterGlobe Aviation, Wipro, Dr Reddy’s Labs, Sun Pharma and Tata Motors PV.
All sectors except media and metal closed lower, with IT, Oil & Gas, Pharma and PSU banks each falling about 0.4%.
Technical view
HDFC Securities’ senior analyst Nagaraj Shetti said the market showed a “choppy, weak‑biased” pattern and formed a small negative candle with a long upper shadow. He sees the recent pull‑back as a short‑term breather after a strong rally, suggesting the uptrend could continue.
Key levels to watch:
- Support around 26,000
- Resistance near 26,300
Rupee moves
The Indian rupee closed at 89.78 per US dollar, a slight weakening from 89.66 the day before. HDFC’s Dilip Parmar linked the dip to risk‑off sentiment, foreign fund outflows and higher dollar demand from bullion importers.
Even with the RBI’s USD‑INR swap and open‑market operations, the currency didn’t rally, and the 90.30 level remains a strong barrier.
What to watch when trading restarts
Traders should keep an eye on the support‑resistance zones mentioned above, watch for any fresh foreign fund activity, and note whether the rupee can stay above 89.00 to support equity buying.
Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.