NEW DELHI: The equity, currency, commodity, and derivatives markets will be closed for trading on Wednesday, January 26 as Dalal Street and the nation will observe Republic Day.

This is the first market holiday of the year, and it will likely provide traders with some relief from the market's recent turmoil.

After five days of losses, benchmark indices recovered on Tuesday, as investors decided to buy equities at low prices. Weak global indications, on the other hand, kept gains in check. As buyers returned to the Street, banking stocks saw a surge in interest. The event was also supported by automobile manufacturers. IT stocks, on the other hand, stayed flat.

The 30-share Sensex closed at 57,858.15, up 366.64 points or 0.64 percent. During the day, the index fluctuated between 1557 points. The NSE Nifty index gained 128.85 points, or 0.75 percent, to 17,277.95.

Market breadth favoured gainers, with 1,979 stocks ending in the green and 1,366 stocks ending in the red. A total of 136 securities, largely from the smallcap market, achieved 52-week highs. Meanwhile, 64 stocks, largely from the microcap class, reached 52-week lows. Approximately 260 stocks breached upper circuit limitations, while 460 breached lower circuit limits.

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