The Indian stocks will be closed on Monday in observance of Eid-ul-Adha (Bakrid), according to the BSE website. There will be a closure of the equities, equity derivatives, and SLB (Security Lending and Borrowing) segments. The areas dealing with interest rate and currency derivatives will also continue to be closed.
The domestic benchmarks performed well on Friday as well, helped by increases in the automotive, consumer durables, and healthcare industries. To close at 76,992, the 30-share BSE index increased by 182 points, or 0.24%.

The overall NSE Nifty Stocks reached an all-time high of 23,490 before closing at 23,466, up 67 points or 0.29%.

The Nifty Midcap 100 increased by 1.05% and the Nifty Smallcap 100 by 0.76% as mid- and small-cap stocks also closed higher. The market volatility index, known as the India VIX, fell by 4.93% to 12.82.

Fourteen of the NSE’s sixteen sectoral indices ended the day higher. Nifty Auto, Nifty Consumer Durables, and Nifty Healthcare sub-indices saw increases of 1.30%, 1.20%, and 1.24%, respectively, outperforming the overall index. On the other hand, the Nifty IT index experienced a 0.87% decrease. Axis Bank, Titan, M&M, HDFC Bank, Reliance Industries, Tata Motors, Bajaj Finance, and ITC were among the companies that made significant contributions to the BSE’s gains. SKF India, Mazagon Dock Shipbuilders, and other stocks

Suven Pharma, J&K Paper, and Chemplast Sanmar all experienced increases of up to 14.33%. On the other hand, there were losses of as much as 3.47% in stocks such as La Opala RG, KIOCL, Usha Martin, Aegis Logistics, Zensar Tech, V-Guard, Redington, and CAMS. 2,179 of the 3,980 equities that were traded on the BSE saw advances, 1,695 saw declines, and 106 were unchanged..

Tuesday, June 18, 2024, will herald the return of the domestic stock markets.
nifty forecast

“The Nifty Stocks stayed between 23,300 and 23,500. In the near future, the attitude is probably going to stay upbeat. Significant put writing has been witnessed between 23,400 and 23,300, where support levels are seen. A significant decline below these levels would tip the scales in favor of the bears. It is a ‘buy-on-dips’ market until then. A clear rise above 23,500 would trigger a strong short-term rally, according to LKP Securities Senior Technical Analyst Rupak De.
Outlook for Nifty Bank

“Nifty Bank failed to break beyond the 50,000 mark, which represents the call side’s maximum open interest, as it proceeded with its consolidation phase. The index must decisively cross 50,200 in order to validate an upward breakout towards the 51,000 level. A break below the lower support, which is located in the 49,500–49,400 region, might allow for a further slide into 49,000, according to Kunal Shah, Senior Technical & Derivatives Analyst at LKP Securities.

The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will be closed on June 17 in observance of Eid-ul-Adha. The day’s trading in securities, interest rate derivatives, stocks, SLB, and currency derivatives will be closed.

The morning session, which runs from 9 am to 5 pm, will see the commodity derivatives sector closed; however, the evening session will be open from 5 pm to 11:55 pm.

On Tuesday, June 18, trading on the NSE and BSE will restart.

Indian Stocks markets hit all-time highs on June 14. For the third straight session, the benchmark Sensex closed higher, while for the fourth straight session, the Nifty closed higher.

The Nifty was up by 0.29%, or 66.7 points, to 23,465.60 at the close, while the Sensex had gained 0.24%, or 182 points, to 76,992.77.The Indian equities markets will be closed on Monday, June 17, 2024, in commemoration of Eid-ul-Adha, or Bakrid. For the day, both the National Stocks Exchange (NSE) and the Bombay Stock Exchange (BSE) would be closed. All trading segments, including stock, derivatives, and the Securities Lending and Borrowing (SLB) segment, will be impacted by this stoppage. On Tuesday, June 18, trade will restart as usual.

Likewise, on June 17, the morning session of the Multi Commodity Exchange of India Limited (MCX) would be closed. On the other hand, commodity traders will be able to participate in the evening session from 5:00 PM to 11:30 PM or 11:55 PM when it opens later in the day.
APAC Markets During the Eid Holiday

The Asia-Pacific Stocks markets began trading cautiously on Monday morning as investors anticipated important economic data from China. Japan’s Nikkei 225 index fell by 2.17%, while the Topix index as a whole fell by 1.89%. The Kospi in South Korea was flat, but the small-cap Kosdaq index had a 0.13% rise. Ahead of the Reserve Bank of Australia’s expected rate decision on Tuesday, investors in Australia saw a 0.11% decline in the S&P/ASX 200 index.
What Can We Expect in the Stock Market This Week?

Despite a cautious start, the BSE Sensex and Nifty 50 demonstrated resiliency before to the holiday on June 14, 2024. The Nifty 50 increased by 66.70 points, or 0.29%, to 23,465.60, while the Sensex closed up 181.87 points, or 0.24%, at 76,992.77.

Investors are expected to concentrate on global trends and the trading activity of foreign investors over the forthcoming, reduced trading week owing to the holiday, in the absence of significant domestic triggers. Changes in the rupee-dollar exchange rate and the global oil benchmark Brent Crude will probably have an impact on market direction.
All-inclusive Schedule of Stock Market Holidays for 2024

The BSE has announced 14 holidays for the SLB, equities, and equity derivatives divisions in 2024. The following dates saw the markets closed:

January 26 is Republic Day.
Mar 8, Mahashivratri
Holi falls on March 25.