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Indian messaging indices declined over 1 percent on January 25, writing below 17,900 amid a selloff, particularly in the power, oil and gas and financial sectors.
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The index hit a week's low and Nifty crossed 17,900 intraday but also saw some recovery from the day's low.
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An analysis of the Budget day reaction shows that the market has declined six times in the last 10 years including the Interim Budget.
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Stock Market Holiday Thursday, January 26, 2023: The Indian stock market will also remain closed on Thursday, January 26, 2023, for Republic Day celebrations.
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Trading in the Multi-Commodity Exchange (MCX) and the National Commodity and Derivatives Exchange Limited (NCDEX) will also remain suspended for both morning and evening sessions on January 26.
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In 2022, central banks globally hold gold reserves not seen since 1967, when the US dollar was still backed by the precious metal.
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Republic Day marks the adoption of the Indian Constitution on January 26, 1950. Although India got independence from the British Raj in 1947.
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The month of April this year will see the maximum number of holidays in the stock market and NSE will have 3 holidays.
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The stock exchanges will remain closed on April 04, 2023 (Mahavir Jayanti), April 07, 2023 (Good Friday) and April 14, 2023 (Dr. Babasaheb Ambedkar Jayanti).