The exchanges will reopen for trading on July 22, Thursday.
On Tuesday, benchmarks fell for the third day in a row, joining global sell-off amid growing concerns about the virus. With the exception of some FMCG meters, all sectors fell, led by banking and metals.
The 30-pack Sensex shares lost 354.89 points or 0.68% to close at 52,198.51. Its larger counterpart NSE Nifty lost 120.30 points or 0.76% to 15,632.10.
“The sharp drop in the price of crude and in US bond yields reflected growing concern about falling future growth. The vulnerability of premium valuations, the upcoming FOMC meeting and sales by foreign investors exposed the Indian market, ”said Vinod Nair, research manager at Geojit Financial Services.
The breadth of the market was in favor of the losers as 1,137 stocks ended in the green, while 2,098 names settled with cuts. No less than 434 stocks hit 52-week highs, mostly in the small-cap space. Meanwhile, 10 names hit 52-week lows, mostly in the microcap space. Approximately 450 stocks reached the upper circuit limits and 245 the lower circuit limits.
European markets were trading higher. The London-based FTSE rose 0.47%, while Paris and Frankfurt fell 0.65% and 0.27% respectively. In Asia, all the markets ended up in the red.
