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 Austin Globe.

More Information

null in null

Business

Section

Nvidia execs sell $1 billion in stock as AI boom drives record prices

SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...

Tech stocks slide, industrials surge on Wall Street

NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...

Canada-US trade talks resume after Carney rescinds tech tax

TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...

Lululemon accuses Costco of selling knockoff apparel

Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...

Shell rejects claim of early merger talks with BP

LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...

Wall Street extends rally, Standard and Poor's 500 hits new high

NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...

Texas

Section

Mexican President orders review of SpaceX environmental impact

MEXICO CITY, Mexico: Mexican President Claudia Sheinbaum said this week that her government is investigating possible environmental...

Sam’s Club fulfillment center to shut in Texas, jobs impacted

NEW YORK CITY, New York: Walmart is set to close a major Sam's Club fulfillment center in Fort Worth, Texas, as part of a shift in...

Dwayne Johnson recalls emotional connection Jelly Roll's song 'Only', says "the lyrics rocked me"

Washington DC [US], July 2 (ANI): Actor Dwayne Johnson has a very special bond with singer and rapper Jelly Roll, and in fact, his...

NASA astronaut Anil Menon to embark on his first International Space Station

Washington DC [US], July 2 (ANI): NASA astronaut Anil Menon has been assigned his first mission to the International Space Station,...

"This is a film from India, for the world": Anupam Kher shares heartwarming response to 'Tanvi The Great' trailer, global premieres

Mumbai (Maharashtra) [India], June 30 (ANI): Anupam Kher's upcoming directorial 'Tanvi The Great' is creating a buzz in the entertainment...

Du Plessis, Ferreira power Texas Super Kings into knockouts with dominant win over MI New York

Dallas [US], June 30 (ANI): The South African stars of Texas Super Kings (TSK) rose to the occasion as they secured a commanding 39-run...