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Sensex, Nifty to remain shut on account of Bakri Id on Wednesday

Along with it, all wholesale commodity markets, including those of metals and bullion, and currency markets will be closed on account of this festival.

The country’s pioneer stock exchanges, BSE and the National Stock Exchange (NSE) are shut on Wednesday on account of Bakri Id.

As a result, there will be no trading in the equity market. Along with it, all wholesale commodity markets, including those of metals and bullion, are closed.

The forex and commodity futures markets will also not conduct any kind of trading.

It is a truncated week for the market, with benchmark indices hitting a fresh record earlier this week. The Nifty managed to clock 11,550. Banks were the big drivers of the rally on Monday.

The Nifty on Tuesday hit a fresh intraday record high in early trade but immediately cooled off to remain in the range of 42 points for rest of the session before ending the day at record closing high of 11,570.90, a gain of 19.10 points.

On the global front, the US markets closed higher on Tuesday with the S&P 500 hitting an all-time high intraday as investors hope that the strengthening economy and corporate profits seen under President Donald Trump's first two years may continue going forward, despite trade war concerns.source-www.moneycontrol.com

The Dow Jones Industrial Average ended 63.60 points higher at 25,822.29 while the S&P 500 index was up 5.91 points at 2,862.96 and Nasdaq Composite rose 38.17 points to 7,859.17.

Oil prices rose following the decline in US crude inventories and likely shortfall of Iranian oil from November due to US sanctions. Brent crude futures gained 0.3 percent at $72.85 per barrel at 9:22 hours IST.

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