Thursday, December 1, 2022

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Indian stock market closed on Guru Nanak Jayanti; normal trading on Wednesday

The Indian stock exchanges will be closed today in observance of Guru Nanak Jayanti. On Wednesday, normal trading will resume.

Today’s holiday is the last for the calendar year 2022. According to the list available on exchange websites, there were 13 trading holidays this year. On Monday, Indian stock indices were mostly stable with a positive bias, and the rupee appreciated significantly against the US dollar.

The Sensex closed at 61,185.15, up 234.79 points or 0.39 percent, while the Nifty closed at 18,202.80, up 85.65 points or 0.47 percent.

The rupee is said to have gained 43 paise against the US dollar, closing at a month high of 81.92 versus the previous session’s close of 82.44.

The recent return of foreign fund inflows, as well as the relative weakness of the US dollar, aided the rupee’s appreciation.

According to data from the National Securities Depository Limited, foreign portfolio investors have purchased equities in India worth Rs 16,878 so far in November.

Foreign portfolio investors were net sellers in October and September, owing to a strong US dollar index, a weak rupee, and monetary policy tightening.

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