All the wholesale commodity markets, including those of metals, will stay shut on Tuesday for Holi.
Besides, market participants will be eyeing IIP and CPI inflation data on March 12 and WPI inflation figures on March 13.
Meanwhile, Sensex, Nifty and Bank Nifty posted biggest single-day fall in absolute terms as all the major sectoral indices closed in the red with deep cuts on Monday.
The Sensex slumped 1,942 points or 5.17% at 35,634.95, while Nifty fell 538 points or 4.90% at 10,451.
ONGC, Vedanta, Reliance Industries, Zee Entertainment and IndusInd Bank were among major losers on the Nifty, while gainers included Yes Bank, BPCL, Bharti Infratel and Eicher Motors.