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As India celebrates Guru Nanak Jayanti, both BSE and NSE remain shut for trading across all segments. But how does this midweek closure impact investors, and what do the latest market trends suggest after Tuesday’s fall?
BSE and NSE remain closed today.
New Delhi: The Indian stock market is closed today, Wednesday, November 5, on account of Guru Nanak Jayanti. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have suspended trading for the day across all segments including equities, derivatives, securities lending and borrowing, currency derivatives, and electronic gold receipts. The closure marks a brief pause in market activity as investors take note of recent market volatility.
While the equity markets remain completely shut, the Multi Commodity Exchange (MCX) is observing a partial closure. The commodity market will remain closed for trading during the morning session and reopen in the evening from 5 PM onward. Traders are expected to participate actively once the evening session begins, particularly in precious metals and energy contracts.
According to the 2025 holiday calendar released by the exchanges earlier this year, Guru Nanak Jayanti is the only stock market holiday in November and the second last of the calendar year. The next and final market holiday for 2025 will be on December 25, on account of Christmas. Apart from these scheduled holidays, the stock market remains closed on all Saturdays and Sundays as part of the regular weekly schedule. The exchanges are likely to announce the 2026 trading holiday list by the end of December.
Guru Nanak Jayanti, also known as Gurpurab, is a gazetted holiday observed across India to mark the birth anniversary of Guru Nanak Dev Ji, the founder and first Guru of Sikhism. While the festival brings cultural and religious fervor, for the markets, such holidays often serve as cooling-off periods where investors reassess global trends and domestic positions before trading resumes.
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Before the midweek break, the Indian stock market witnessed a sharp fall on Tuesday, November 4. The Sensex dropped 519 points, or 0.62 percent, to close at 83,459.15, while the Nifty 50 slipped 166 points, or 0.64 percent, to settle at 25,597.65. The BSE Midcap and Smallcap indices also closed in the red, losing 0.26 percent and 0.69 percent respectively.
Sectorally, all major indices ended lower except Nifty Consumer Durables, which gained marginally by 0.39 percent. Nifty Metal and IT saw declines of over 1 percent each, while the Auto index dropped close to 1 percent. Nifty Bank and Financial Services also recorded mild losses of up to 0.5 percent. Analysts attributed the weakness to profit booking across key sectors and cautious investor sentiment amid mixed global cues and fluctuating foreign institutional inflows.
With today’s holiday break, market participants are likely to focus on global developments and corporate earnings before trading resumes tomorrow. Analysts suggest that the current pause may provide an opportunity for investors to evaluate positions and identify buying opportunities in quality stocks once trading reopens. The broader sentiment, however, remains cautious amid persistent foreign fund outflows and weak international signals.