Produced by: Bhoomika Aggarwal Designed by: Manoj Kumar
On account of Guru Nanak Jayanti, banks will remain closed in some parts of India including Tripura, Mizoram, Maharashtra, Madhya Pradesh, Orissa, Chandigarh, Uttarakhand, Hyderabad (Telangana), Rajasthan, Jammu, Uttara Pradesh, Bengal, Maharashtra, New Delhi, Bihar, Jharkhand, Himachal Pradesh
Due to Guru Nanak Jayanti, Indian stocks markets, including BSE and NSE, will remain closed. Usual trading in international stock exchanges such as Dow Jones will take place as usual.
People, primarily Sikhs and Punjabis, will be celebrating Guru Nanak Jayanti today. Guru Nanak Jayanti observes the birthday of Guru Nanak, the first Sikh guru. The Sikh community and others visit Gurudwara and recite path and offer prayers. A number of Gurudwaras organise 'langar'.
Prime Minister Narendra Modi is set to visit Tirupati Balaji Temple in Tirumala today (November 27). He is likely to hold a road show in Hyderabad.
The Indo-Japan Chamber of Commerce and Industry is organising a business networking meeting on Nov 27 in Chennai.
"The benchmark index traded on a tepid note following the weak German growth data, and trading volume was limited due to the US market holiday on Black Friday and India market holiday today. However, the banking index has shown resilience despite the RBI's scrutiny towards unsecured lending by the NBFCs, while the US manufacturing PMI data for November is expected to be below forecast, summarising caution in the short-term," said Vinod Nair, Head of Research at Geojit Financial Services.
"Nifty has encountered difficulty surpassing the resistance range of 19,850-19,900. On the downside, 19,700 has held as a near-term support level. As long as there's no breakout, the index is expected to continue moving sideways. A decline below 19,700 could potentially trigger a market correction. Conversely, a clear move above 19,900 might prompt a significant rally, potentially driving the index towards a new all-time high," as per Rupak De, Senior Technical analyst at LKP Securities.
Public sector OMCs including BPCL, IOCL and HPCL revise their petrol price and diesel price daily in line with international benchmark prices and forex rates. Petrol and diesel prices remained stable today in major cities.