Markets closed on account of Diwali Balipratipada today

Zee Media Bureau

The benchmark BSE Sensex and the NSE Nifty, forex and money markets will remain closed on Thursday on account of Diwali Balipratipada.

Sensex surged over 201 points to 25,944.93, while Nifty regained the crucial 7,800-mark in the opening trade of special Muhurat trading session yesterday to mark the start of Hindu Samvat Year 2072.

Investors and funds open their new accounts on the first session of Samvat year 2072.

Brokers said the buying activity emerged on expectations of pick up in FDI after the government has recently pushed ahead with major reforms, relaxing foreign investment rules in 15 sectors such as civil aviation, banking, defence, retail and news broadcasting and eased the process for approval of foreign investment.

The share market remained bearish in the past few sessions on sustained foreign fund outflows, tepid Q2 earnings by blue-chip companies and the defeat of the BJP-led NDA alliance in Bihar assembly elections.