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Stock Markets Closed Today for Gandhi Jayanti; Nifty Extends Losing Streak
M
Moneycontrol•02-10-2026, 06:42
Stock Markets Closed Today for Gandhi Jayanti; Nifty Extends Losing Streak
- •Indian stock markets (BSE, NSE) are closed today, October 2, for Mahatma Gandhi Jayanti, suspending trading across all major segments.
- •Trading in equities, derivatives, SLBs, currency derivatives, and interest rate derivatives will remain shut, with market activity resuming on October 5.
- •Indian benchmark indices extended their losing streak for the fourth consecutive session on October 1, with the Nifty closing around 22,400.
- •The Sensex fell 0.79% to 71,909.70 and the Nifty dropped 0.88% to 22,421.95, with broader indices underperforming.
- •The Indian rupee weakened by 50 paise to 96.32 per dollar, influenced by a stronger US dollar and persistent foreign fund outflows.
Key Questions Answered
Indian stock exchanges including the BSE and NSE are closed today on October 2 on account of Mahatma Gandhi Jayanti. Trading across major segments such as equities, derivatives, and commodities will remain suspended and resume on October 5.
Indian benchmark indices ended lower on October 1, extending their losing streak for the fourth consecutive session. The Sensex fell 570.59 points to close at 71,909.70, while the Nifty dropped 198.50 points to end at 22,421.95.
Persistent foreign selling, elevated US treasury yields, a rise in crude oil prices, and weakness in the Indian rupee weighed heavily on market sentiment. Consequently, the Indian rupee ended 50 paise lower at 96.32 per dollar on Thursday.
