Summary of this article
Indian capital markets are closed on April 14 for Ambedkar Jayanti
Trading and market operations will resume on April 15
Indian capital markets are closed on April 14 on the occasion of Dr. Baba Saheb Ambedkar Jayanti. The NSE and BSE will remain closed for trading for the day.
Trading in equity derivates, currency derivatives, interest rate derivatives, and other capital market operations are closed for the day. The NSE and BSE will resume trading on April 15.
The Reserve Bank of India (RBI) also lists April 14 as a holiday. Money market operations will remain closed during the day. Domestic currency markets, government securities, and the call-money market are closed for trading and will resume on April 15.
Indian equities market was under pressure on April 13 as US-Iran peace talks in Islamabad over the weekend failed. Markets had rebounded near the end of last week on hopes that talks between the two countries would fructify.
Both the Nifty and the Sensex closed nearly 0.9 per cent down on April 13 with Nifty at 23,842.65 and the Sensex at 76,847.57. Most sectors ended in red as investors turned risk-averse after breakdown in peace talks and fears of a prolonged war. Power, defence, and telecom sectors were the only ones to see gains during the session. Auto, Oil & Gas, and FMCG sectors saw the steepest decline during the session as fears of surge in crude oil prices and risks of imported inflation reignited.
Among top gainers on the Nifty were HDFC Life, Adani Enterprises, ICICI Bank, NTPC, Tata Motors Passenger Vehicles, while top losers included included Maruti Suzuki, Eicher Motors, Reliance Industries, Bajaj Finance, Interglobe Aviation.
(This is a developing story. More updates to follow)
