The Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) will be closed on Monday, November 20, as a trading holiday in Mumbai due to the Maharashtra Assembly Election 2024, according to a notification issued by the exchanges.

BSE Sensex rose 239 points whilst Nifty50 halted its seven-day decline on Tuesday, driven by value-buying in banking, IT and autom

Trading will resume from November 21 onward. In the previous session, the Indian stock market halted its seven consecutive days losing streak.

After a seven-session losing streak, Indian indices rebounded on November 19. The BSE Sensex gained 838.5 points, and Nifty50 rose 256 points, with all sectors showing positive movement. Analysts caution about the sustainability of this recovery amid ongoing selling pressure.

BSE Sensex and Nifty50, the Indian equity benchmark indices, rose in trade on Tuesday. While BSE Sensex was above 77,700, Nifty50

The elections in Maharashtra are crucial and could affect the stock market because the state is one of India's most industrialized and makes a substantial contribution to the nation's GDP," said Master Capital Services.

The National Stock Exchange (NSE) and the BSE will not conduct trading or settlements in stocks, derivatives, or securities lending and borrowing segments on Wednesday

Indian equity benchmarks, the Sensex and the Nifty 50, halted their losing streak on Tuesday, buoyed by selective buying interest. However, both indices surrendered a significant portion of their intraday gains as the latest flare-up in the Russia-Ukraine war dampened sentiment.

The Nifty Bank index closed on a note on Tuesday. Shares of Federal Bank Ltd.(up 3.2 per cent), HDFC Bank Ltd.(up 2.18 per cent), Au Small Finance Bank Ltd.(up 2.08 per cent), Bandhan Bank Ltd.(up 1.16 per cent) and Axis Bank Ltd.

Despite gaining on Monday, the Nifty 50 faces challenges from weak earnings and high valuations. While a relief rally is possible, experts caution that reclaiming the 26,000 mark by year-end may be difficult without stronger Q3 results.