Wed Nov 20 10:49:02 UTC 2024: ## Indian Markets Snap Losing Streak, BSE and NSE Closed for Elections

**Mumbai, India** – Indian equity markets rebounded on November 19th, ending a seven-day losing streak, fueled by gains in the auto, realty, and media sectors. The Sensex closed up 0.31 percent at 77,578.38, and the Nifty rose 0.28 percent to 23,518.50. Top Nifty gainers included M&M, Trent, Tech Mahindra, HDFC Bank, and Eicher Motors, while SBI Life Insurance, HDFC Life, Reliance Industries, Tata Consumer, and Hindalco lagged. Midcap and Smallcap indices saw gains of nearly 1 percent each.

Despite a strong start, geopolitical factors caused a late-session dip, according to Aditya Gaggar, Director of Progressive Shares. He noted a “Doji candlestick pattern” around the 200-day moving average, suggesting a need for a sustained move above 23,800 for a confirmed trend reversal. Support is anticipated around 23,300.

Meanwhile, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed on November 20th due to Maharashtra Assembly elections. Trading in all segments, including derivatives and commodities, will be suspended, except for the commodity derivatives and electronic gold receipts (EGR) segments, which will be open from 5:00 pm to 11:55 pm. Normal trading will resume on November 21st.

The Indian Rupee closed slightly lower at 84.41 per dollar. Separately, the Traders Gurukul’s “BOTS” options trading summit continues to offer insights into the crypto market and generate leads for brokers. *Disclaimer: This news report is for informational purposes only and does not constitute investment advice.*

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