The Indian stock market will remain closed on Wednesday, 26th January on account of Republic Day. All wholesale commodity markets in the national capital, including bullion and metals, will remain closed on Wednesday.
Domestic markets came back with a strong gain to close higher after a selloff witnessed in the 1st half of trade after witnessing huge volatility during the day. Nifty gained 0.8% while the broader market outperformed compared to the main indices with Nifty Midcap and SmallCap increasing by 0.98% and 0.94% respectively. Markets will react to the Fed meeting outcome in early trade on Thursday.
All sectoral indices ended higher except Nifty IT, which fell by 0.4%. Nifty PSU Bank gained the most at 4.2%, followed by Nifty Auto (+2.3%) and Nifty Bank (+2%).
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