Stock market closed due to Maharashtra elections, huge fluctuations in Sensex
stock market holidays, Assembly elections are being held today in five states of the country including Maharashtra, of which Maharashtra’s election is the most important. The election atmosphere in the state is heated due to voting on 288 seats. Due to this, today the Indian stock market, i.e. National Stock Exchange (NSE) And Bombay Stock Exchange (BSE) Business will remain closed. Although, Multi Commodity Exchange (MCX) Will open in evening session after 5 pm.
Holiday in stock market due to Maharashtra elections
In view of the Maharashtra Assembly elections, a holiday has been declared in the stock market today. Furthermore, the next and last holiday for the stock market in November will be on Christmas Day, December 25.
Huge fluctuations in Sensex yesterday
On Tuesday, November 19, the Indian stock market witnessed a bullish and then a downward trend. Sensex rises by 240 points 77,578 points closed at, while Nifty gained 65 points and it 23,518 points Reached.
However, after gaining 1113 points in the day’s trading, Sensex suffered a huge fall and fell by 873 points. Nifty also closed with a fall of 262 points.
In which sectors was the effect seen?
Out of 30 Sensex stocks, 18 registered gains, while 12 declined. Strength was seen in auto, energy and IT sectors.
Impact of global markets on Indian market
The ongoing war between Ukraine and Russia has put immense pressure on global markets. There was heavy selling in the major markets of Europe on Tuesday. euro stocks fell 1.17%, while FTSE 100 0.32%, dax index 1.07% more CAC 40 A decline of 1% was recorded.
This decline also affected the Indian stock market.
End of November holidays, what next?
After today’s holiday, there will be no more holidays in the market in November. Along with the Christmas holiday, it is important to pay attention to the holiday list for 2024.
For investors keeping an eye on the Indian market, this is the time to take decisions cautiously and wisely.
