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BSE, NSE shut today as country celebrates Dussehra

The Bombay Stock Exchange (BSE) and the National stock exchange (NSE) will remain closed today as the country celebrates Dussehra. Also, the wholesale and commodity markets, including metals and bullion, plus the forex and commodity futures markets will not conduct any sort of trading today.

Dussehra, also known as Vijaydashmi, is a popular Hindu festival celebrated at the end of Navratri each year, signifying the victory of good over evil. Further, it signifies the end of Durga Puja, wherein it is believed that Goddess Durga defeated the demon Mahishasur to restore “Dharma.” Along with that, it also marks Lord Rama’s victory over Ravana.

Meanwhile, in yesterday’s trading session, markets witnessed an extremely volatile session. After opening gap up, Nifty hit an intra-day high of 10,710 before wiping off its entire gains and ending 131 points lower at 10,453.

Housing Finance companies once again came under heavy selling pressure with the likes of IBULHSGFIN and DHFL ending 13.91% and 12.26% lower, respectively.

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