Sensex, Nifty closed on Tuesday on account of Guru Nanak Jayanti
India`s currency, debt and equity markets will remain closed on Tuesday for a holiday. Financial markets will resume trading on Wednesday, Nov. 13. The broader NSE Nifty ended 0.04% higher at 11,913.45 on Monday, while the benchmark BSE Sensex closed up 0.05% at 40,345.08. The 10-year benchmark bond yield closed at 6.77%, while the rupee settled at 71.46 to the dollar.
Shares of Adani Green Energy, ITI, Vodafone Idea, RBL Bank, Yes Bank, Indiabulls Real Estate, Dewan Housing Finance Limited or DHFL, Ashok Leyland and Fortis Healthcare were among the major gainers after the Closing Bell trade session on Monday while shares of Equitas Holdings, Reliance Infrastructure, Reliance Power, Lakshmi Vilas Bank, Reliance Capital, Tata Power and Suzlon Energy were among the major losers in the intraday trade.
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Speaking on the current market scenario Prakash Pandey, MD & CEO at Plutus Advisors said, "The Nifty has strong support at 11,850 levels. It has strong resistance at 12,000 levels. Once it breaches either side of the levels, then only we will be able to say whether the market is bullish or bearish. However, I would like to add that in the current market scenario, I won't see any reason for Nifty breaking the 11,670 levels on downside and 12,050 on the upper side without any fresh trigger."