The stock market is closed today i.e. 20th November due to Maharashtra assembly elections. There will be no trading in National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Also, the Multi Commodity Exchange (MCX) will be closed for the first half i.e. from 9:00 am to 5:00 pm. However, normal business will take place in the evening session from 5:00 pm to 11:55 pm.
After this, the last stock market holiday of the year is Christmas Day on December 25.
Yesterday, the market closed on a bullish note Yesterday i.e. November 19, the Sensex closed at 77,578 with an increase of 240 points. The Nifty rose 65 points to close at 23518.
However, the Sensex saw a decline of 873 points from the day's high. In the morning, the Sensex jumped almost 1000 points. Also, the Nifty tumbled 262 points from its highs.
Out of 30 Sensex stocks, 18 gained and 12 declined. Auto, energy and IT shares were higher. M&M shares rose 3% and Tata Motors shares gained around 1.3%.
Rising tensions in Ukraine and Russia roiled markets around the world As the 1000 days of war between Ukraine and Russia has passed, it has reached a dangerous turning point. Ukraine fired long-range missiles (ATACMS) at Russia on Tuesday, two days after US President Joe Biden's approval. Ukraine has used American missiles against Russia for the first time. On the other hand, markets around the world were jittery due to rising tensions.
Following Biden's new decision, Russian President Vladimir Putin approved a change in his 'nuclear doctrine' (nuclear policy). Under this, if any nuclear-powered country attacks Russia, Russia can use nuclear weapons as a countermeasure.
India also has European influence European stock markets saw heavy selling on Tuesday due to rising tensions. Euro stocks fell 1.17%. The FTSE 100 index was down 0.32%, the DAX index was down 1.07% and the CAC 40 index was down 1%. Indian stock markets also lost gains due to declines in Europe. At one point the Sensex was up 1,113 points, but ended up 239 points.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
