Stock market ends five-day winning streak
At close, Sensex was down 609.28 points, or 0.82%, at 73,730.16. Meanwhile, Nifty opened higher at 22,620.40 and touched a low of 22,419.90 in intraday trades.
The Indian stock exchanges BSE and NSE won’t open for trade on Wednesday because of Diwali-Balipratipada festival.
Tomorrow regular trading window will open. The next trading holiday is Gurunanak Jayanti on November 8.
The Indian stock markets were closed for trading all day on Monday as well, but there was a special one-hour Muhurat trading window in the evenings where investors could place orders for equities they thought would be profitable and coincide with auspicious times.
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Meanwhile, the key market indices lost ground on Tuesday after rising for seven straight days. The BSE Sensex dropped 287.70 points to 59,543.96 while the Nifty50 lost 74 points to close at 17,656.
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