NSE, BSE close these days as a consequence of Mahashivratri

On March 10, the Sensex rose 254.03 factors or 0.50% to shut at 51,279.51, even as Nifty brought 76.forty factors or 0.51% to quit at 15,174.80
The National Stock Exchange of India (NSE) and the BSE will stay closed on March eleven as a consequence of Mahashivratri.
Wholesale commodity markets, which includes steel and bullion, also are close. And there may be no buying and selling hobby withinside the foreign exchange and commodity futures markets both.
On March 10, the Sensex rose 254.03 factors or 0.50% to shut at 51,279.51, even as Nifty brought 76.forty factors or 0.51% to quit at 15,174.80.
“The marketplace closed at the extent of 15,one hundred seventy and reached a high, however, buyers had been now no longer eager to hold positions because of the financial institution vacation on Thursday. It also can show up on Fridays, as it could be a weekend getaway. Next Monday we will see a robust fashion,” stated Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.
“Technically, the marketplace closed above the extent of 15,150/51,250, that could keep the marketplace’s bullish continuation. We can also additionally see at the least 15,280 or 15,350 stages withinside the close to term. However, if the Nifty fails to interrupt the 15,280 level, it can ship the marketplace to consolidation among 15,000 and 15,280. If the index is going under 15,000/50,750, the bullish fashion will destroy. Bond yields and the greenback index could yet again decide the marketplace fashion withinside the coming days,” he brought.
On the sectoral front, Nifty Pharma, IT, Auto and Metal indices rose a percentage each, even as a few promoting visible withinside the strength names. BSE Midcap and Smallcap indices ended withinside the green.
JSW Steel, Eicher Motors, Tata Steel, Bajaj Finance and Sun Pharma had been amongst pinnacle gainers at the Nifty, even as losers blanketed SBI Life Insurance, ONGC, IOC, HDFC Life and GAIL.
“Nifty has been soaring withinside the 14,900-15,three hundred area and a decisive destroy on both aspect could cause the subsequent directional move. Meanwhile, buyers haven’t any alternative however to restrict their leveraged positions and keep a stock-particular buying and selling approach. The upcoming macroeconomic statistics i.e. IIP and CPI mixed with cues from the worldwide markets will dictate the fashion ahead,” stated Ajit Mishra, VP – Research, Religare Broking:
Indian rupee ended flat at 72.ninety one consistent with greenback as opposed to preceding near of 72.ninety three and traded withinside the variety of 72.89-73.09.
“The marketplace expects US inflation to stay multiplied as compared to January parent and this could upload in addition uptrend in US yields and greenback index. So in USDINR spot, we anticipate 72.70-72.seventy five to behave as a vital support, a destroy of which could push costs in the direction of 72.50 area, even as 73.25 will act as a right away resistance,” stated Rahul Gupta, Head Of Research-Currency, Emkay Global Financial Services.