Sensex, Nifty to remain shut today on account of Maharashtra Day

The Indian stock market will remain shut on Tuesday, May 1 on account of a public holiday. The BSE, NSE will remain closed for "Maharashtra Day".

There will be no trading in Indian bonds and currency markets on May 1 on account of Maharashtra Day, is celebrated in Maharashtra.

On Tuesday, indices ended on a flat note amid high intra-day volatility. The broader markets underperformed the benchmark with BSE Midcap and Smallcap ending lower by 1.2% & 1.3% respectively.

On the sectoral front, IT, consumer durables, metals & oil & gas ended higher, while realty, power, banks & auto witnessed selling pressure.

Further, the auto sales numbers for the month of April and the outcome of the FOMC meeting will be in focus.

Shares of Wadia group such as Bombay Dyeing, Bombay Burmah, Britannia slipped 2-9% on Tuesday’s trade as the Wadia Group heir Ness Wadia was sentenced to 2-years jail in Japan due to possession of drugs.

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