On the occasion of Ganesh Chaturthi the Indian stock, commodity, and money markets will stay close on Friday. They will resume trading from Monday, September 13, 2021.
On Thursday, the Indian equity benchmark S&P BSE Sensex had ended 54.81 points (0.09 per cent) higher at 58,305.07, and the broader Nifty 50 on NSE had risen 15.75 points (0.09 per cent) to settle at 17,369.25.
However, the rupee snapped its three-day dropping streak to shut 10 paise higher at 73.50 against the US dollar on Thursday following recuperation withinside the home equities and losses in the dollar in overseas markets ahead of the European Central Bank’s policy meeting.
Commenting on the outlook for Nifty, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, “The quick-term trend of Nifty remains range-bound. Having recovered in the later part of Thursday, there’s an opportunity for an upside jump withinside the subsequent early part of the subsequent week earlier than encountering any other resistance around 17,500-17,600 levels. Immediate assist is located at 17,200.”
