Markets to remain closed today on account of Gurunanak Jayanti

The BSE and the National Stock Exchange (NSE) will remain closed today on account of Gurunanak Jayanti. Forex and commodity futures markets, too, will stay shut.

Earlier on Thursday, the BSE Sensex gave up all its early gains in choppy trade and ended lower for the third straight session by falling over 200 points. It witnessed selling in metal, PSU, auto and banking stocks amid fresh fund outflows and a weak trend in the global market.

Opening higher at 35,282.33 points, the 30-share Sensex had advanced further to the day's high of 35,364.50 on the back of fresh buying by domestic investors amid further strength in the rupee. It, however, slipped into the negative zone on selling pressure at improved levels, following a weak opening of European equities, and slipped below the 35,000-mark to hit a low of 34,937.98 before closing at 34,981.02, recording a fall of 218.78 points, or 0.62 per cent.

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Similarly, NSE Nifty 73.30 points, or 0.69 per cent, to close at 10,526.75. The indices closed with losses for the week, with the Sensex declining 476.14 points, and the broader NSE Nifty falling 155.45 points during the period.

According to analysts, market failed to hold the opening gains as weak global market and selling in metals and PSU banks dragged the indices.