New Delhi: Equity, currency and derivatives markets will remain closed for business on Friday, November 19 as roads and the country celebrate Guru Nanak Jayanti. Commodity markets will remain closed for the morning session but will open in the evening.

This day marks the last trading holiday for the market in the current calendar year. The market will resume trading from Monday 22 November.

Meanwhile, the domestic market declined sharply in the last three trading sessions, plunging nearly 1,200 points, as inflationary pressures dealt a heavy blow to the bulls. Weak listing of K Mega IPO

It also hit the confidence of investors.

The benchmark indices declined after opening in the green. BSE Flagship at 1.35 pm Sensex It was at 59,700 level, down by over 300 points or 0.50 per cent. NSE Benchmark nifty Also, there has been a decline of more than 100 points.

Analysts believe that the weakness in the market will continue further as valuations have reached astronomical levels. In addition, macro factors are also changing for the worse.

Most of the Asian markets were also trading lower. China, Indonesia, South Korea, Hong Kong and Japan remained in the red, while Thailand, Taiwan and Singapore gained marginally.