Stock Market Shut for Republic Day: Trading Paused, Rupee Hits Record Low

• BSE and NSE will remain closed on January 26 for Republic Day, affecting trading in equities, derivatives, and commodities.
• Trading activities, including equity, currency, and interest rate derivatives, will resume on January 27.
• The market closed lower on January 23, with Sensex down 0.94% and Nifty down 0.95%, due to widespread selling pressure.
• Broader markets underperformed, with midcap and smallcap indices falling 1.5% and over 2% respectively.
• The Indian rupee hit a record low of 91.96 per dollar on Friday, driven by strong dollar demand and equity liquidation.

Why It Matters: Indian stock markets are closed for Republic Day, following a volatile session where the rupee hit a record low.