Equity markets closed on account of Muharram

ANI
10 Sep 2019, 14:55 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 Switzerland Times.

More Information

Europe Business

Section

World economic growth is 'fragile,' Lagarde says

World economic growth is "fragile" and "under threat," former International Monetary Fund director Christine Lagarde says, and is over-reliant on ...

Security Risk Advisors opens headquarters for Europe in Kilkenny

KILKENNY, Ireland - Security Risk Advisors (SRA), the Pennsylvania-based cyber security consulting company,is establishing a European Headquarters and Security Operations ...

Nigeria to give all of its 200 million people ID numbers

Nigeria wants to issue identity numbers for as many as 50 million citizens per year in a bid to create ...

Jaishankar unveils Mahatma Gandhi statue in Finland

Helsinki [Finland], Sep 20 (ANI): External Affairs Minister S. Jaishankar who is on a three-day visit to Finland, unveiled the ...

Russia, Ukraine Move Ahead With EU Talks to Avert Supply Cut

This story originated in VOA's Ukrainian service. Some information is from Reuters.Representatives of the European Union, Ukraine, and Russia have ...

Barcelona predict billion euro income this season

Barcelona - Barcelona expect to record revenues of more than one billion euros for the 2019-2020 season, becoming the first ...

International

Section