Equity markets closed on account of Muharram

ANI
10 Sep 2019, 10:25 GMT+10

Mumbai (Maharashtra) [India], Sep 10 (ANI): The National Stock Exchange of India Ltd and BSE Ltd were closed for trading on Tuesday on account of Muharram, which is observed by a section of the Muslim community.

There was no trading activity in forex and commodity futures markets as well. Wholesale commodity markets including metal and bullion too were closed for trade.

A day earlier, equity benchmark indices continued to gain with the Nifty rising for the fourth consecutive session and closed above the psychological 11,000 mark.

In the opening trade, indices were dragged lower as hopes of a cut in Goods and Service Tax (GST) rate for the beleaguered and labour-intensive automobile sector faded. The market recouped initial losses and trended higher for the rest of the session on positive global cues.

Meanwhile, Asian stocks were little moved on Tuesday ahead of the European Central Bank's (ECB's) upcoming meeting with MSCI's broadest index of Asia Pacific shares outside Japan unchanged. Japan's Nikkei stock index was up 0.37 per cent while Shanghai Composite Index fell 0.36 per cent.

The ECB is likely to introduce a package of monetary easing and stimulus measures on Thursday due to the ongoing US-China trade war and signs of a global economic slowdown.

The US Federal Reserve is also widely expected to cut interest rates next week as policymakers try to protect the global economy from risks, which also include Britain's planned exit from the European Union.

(ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chile Sun.

More Information

null in null

South America

Section

EAM Jaishankar holds talks with Russian counterpart Lavrov on sidelines of BRICS Summit

Rio de Janeiro [Brazil], July 7 (ANI): External Affairs Minister S Jaishankar and his Russian counterpart, Sergey Lavrov, held a meeting...

BRICS outperforming G7 Putin

The groups combined GDP is $20 trillion greater than that of the Western bloc, the Russian president has said BRICS has already outstripped...

Mathieu Van der Poel takes Stage 2 at Tour de France

(Photo credit: John Oliva/Caller-Times / USA TODAY NETWORK via Imagn Images) The Netherlands' Mathieu Van der Poel earned his second...

Condemning terrorism should be our 'principle', not just 'convenience': PM Modi at BRICS summit

Rio de Janeiro [Brazil], July 6 (ANI): Prime Minister Narendra Modi, during the 17th BRICS Summit on Sunday, asserted that condemning...

Sakshi, Jaismine, Nupur clinch gold as India bags 11 medals at World Boxing Cup Astana 2025

Astana [Kazakhstan], July 6 (ANI): Women boxers led India's march to glory as three of them, Sakshi (54kg), Jaismine (57kg) and Nupur...

PM Modi attends 17th BRICS summit; highlights neglect of Global South, calls for reform of global institutions

Rio de Janeiro [Brazil], July 6 (ANI): Prime Minister Narendra Modi, while addressing the 17th BRICS Summit on Sunday, underscored...

World

Section