New Delhi/Alive News: The Indian stock market remained closed on Tuesday, October 20, on the occasion of Dussehra. Trading did not take place on the National Stock Exchange (NSE) or the Bombay Stock Exchange (BSE). There was no trading in the equity and equity derivatives segments.
The Multi Commodity Exchange (MCX) also remained closed for the festival, with no trading scheduled in either the morning or evening session. Regular trading was expected to resume on the next scheduled trading day.
Sensex and Nifty Declined in the Previous Session
Before the holiday, the Indian stock market witnessed a sharp decline. The BSE Sensex fell 876 points to close at 73,853, while the NSE Nifty dropped 257 points to settle at 22,889. The decline reflected weakness in the domestic market ahead of the holiday break.
Asian Markets Witness Losses
Asian markets also traded lower on Tuesday. South Korea’s KOSPI stood at 5,606, down 134 points or 2.53%. Japan’s Nikkei declined 411 points, or 0.62%, to 64,512. Hong Kong’s Hang Seng fell 214 points, or 0.93%, to 23,973.
US Markets Show Mixed Trend
US markets recorded mixed performance in the previous trading session on October 19. The Dow Jones declined 36 points, or 0.07%, to 51,966. In contrast, the Nasdaq gained 291 points, or 1.11%, to reach 26,431, while the S&P 500 rose 31 points, or 0.41%, to 7,691.
US markets were scheduled to reopen on Tuesday evening Indian time. Investors were expected to monitor global market movements and other economic developments for clues about the direction of Indian equities when trading resumed.
The domestic market’s next session was expected to bring renewed activity after the Dussehra holiday, with investors watching global cues and the performance of Asian and US markets.
