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The Indian stock markets are closed today on account of Muharram. Trading on both major exchanges, BSE and NSE will remain shut today.
Trading across the equity, equity derivatives, securities lending and borrowing (SLB), currency derivatives, and interest rate derivatives segments will remain closed for the day.
The commodities markets will be closed for the morning session from 9:00 am to 5:00 pm but will operate as usual for the evening session from 5:00 pm to 11:30 pm/11:55 pm.
On Thursday, the Sensex advanced 109.25 points or 0.14% to close at 77,100.47, while the NSE Nifty 50 rose 34.35 points or 0.14% to settle at 24,056.
Both indices, however, gave up most of their intraday gains. Ankur Punj, MD & Business Head at Equirus Wealth noted that the market closed with tepid gains as investors booked profits in late trades ahead of an extended holiday.
The rupee ended 25 paise higher at Rs. 94.40 against the US dollar on Thursday compared with its previous close of Rs. 94.65.
Technically, the Sensex formed a bearish candle with a long wick on the upper side. The index lost early gains, showing weak momentum after a strong opening.
Immediate support can be seen at 76,933, a break below this level could invite deeper correction toward 76,000 in the short-term.
The 77,500 level will act as a crucial resistance and a sustained break above this may take the index forward to 78,000.
The 23,950 will act as the immediate Nifty 50 support for Monday. A positive weekend global cue and Iran-US deal resolution would support the index holding above 24,000 on Monday opening, targeting 24,200 as the first resistance.
The Sensex monthly expiry on Monday could create cross-index volatility, particularly in the afternoon session, that can temporarily push Nifty 50 below 24,000 even if the broader predictions are positive.
Kunal Singla, Associate Director at Univest notes that Bank Nifty closed the week at 58,177.05 after last week’s +1.68% Wednesday expiry surge and this week’s steady consolidation. For the stock market predictions for Monday, Bank Nifty has no direct expiry event.
However, Sensex's monthly expiry on 29 June 2026 directly impacts HDFC Bank and ICICI Bank, creating indirect Bank Nifty volatility on Monday afternoon. Support is at 57,900 with an upside target of 58,500 in the stock market predictions for Monday if global cues improve over the weekend.
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