Indian markets are closed for Guru Nanak Jayanti, but international stock markets see positive activity

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The Indian stock market remains on pause today as the nation observes Guru Nanak Jayanti. Both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) are fully closed for all cash-equity and derivative segments. 

The morning session, including equities, currency derivatives, securities lending & borrowing, and electronic gold receipts, is suspended; trading will resume tomorrow. Meanwhile, the commodity derivatives market will open only in the evening session.

Markets in Recent Sessions


In the prior trading session, the Sensex closed around 83,459.15 following a drop of around 0.62 per cent, while the Nifty 50 ended at 25,597.65, down approximately 0.64 per cent. Broad sectoral weakness was visible, as profit-booking weighed on major names. Despite the decline, the markets had registered a strong October rally: the Nifty recorded a gain of about 4.5 per cent for the month, its best performance since March.

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Global Cues and Volatility

Overseas markets are contributing to a cautious mood. Asian equities are under pressure following a sharp technology-led sell-off in the US, with Japan’s Nikkei dropping over 4 per cent and South Korea’s market experiencing a steep fall. The elevated uncertainty around valuations, combined with a stronger US dollar, has heightened risk-off sentiment. These global dynamics feed into the domestic market outlook, especially given the absence of onshore trading today.

Domestic Flow and Corporate News


Domestic institutions have emerged as buyers while foreign portfolio investors (FPIs) show caution — this broad trend continues to shape the under-the-surface dynamics of the market. Based on corporate action, the results season has begun in earnest: more than 110 companies are scheduled to release their second-quarter numbers, including marquee names such as State Bank of India, Adani Enterprises, and Mahindra & Mahindra. 

In addition, a renewable‐energy firm, SAEL Industries, has filed for a major IPO valued at around 45.75 billion rupees, signalling continued activity in the primary market.

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Technical and Sectoral Setup for the Open


With the market shut today, attention shifts to how the indices will open tomorrow. The recent close leaves the Nifty in a delicate zone: immediate support is marked around the 25,500–25,600 region, while resistance clusters near 25,800–26,000. For sectors, banks and financials remain vulnerable unless global yield and currency cues stabilise. 

IT services are under watch given the technology sell-off globally and the impact of a stronger dollar on translation of earnings. Energy and metal stocks are subject to global commodity trends; softer oil could help downstream plays, while currency strength may erode margin advantages for exporters.

What to Watch Ahead


Tomorrow’s session is likely to reflect reactions to the global risk environment, flows into the market, and any fresh corporate news. Key drivers include the dollar-rupee pair, global crude and commodity dynamics, and how the earnings season unfolds. 

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Broader markets may adopt a consolidation stance unless a decisive breakout or breakdown appears. With trading returning after the holiday, early momentum will be important in setting the tone for the day.

In sum, while the domestic market takes a break today, the setup remains complicated. Global headwinds, domestic earnings flows, and portfolio shifts converge as the market builds direction. When trading resumes, the pre-holiday pause may give way to either a gap move or cautious catch-up, depending on overnight cues.