Business

Ram Navami: Indian Stock Markets Shut, Resume On Thursday

On the occasion of Ram Navami, Indian stock markets are shut on Wednesday. The normal trading activities will resume on Thursday.

The Indian stock markets on Tuesday ended with their third consecutive weak session due to global market concerns. This was prompted by escalating tensions in the Iran-Israel conflict.

Earlier on Tuesday, the Nifty closed down 0.56% at 22,147.90. The BSE Sensex finished 0.62% lower at 72,943.68.

Ajit Mishra, Senior Vice President (Research) Religare Broking Ltd said, “Weak global cues are largely weighing on the sentiment and this trend may continue, with intermediate pause/rebound.”

Vinod Nair, Head of Research at Geojit Financial Services, pointed out a sharp drop in the IT sector. He cited expectations of reduced earnings due to weak US discretionary spending and muted domestic Q4 results.

Infosys, PNB, IndusInd Bank, LTIMindtree, Cholamandalam Invest, Berger Paints, Bank Of Baroda, Wipro, Bajaj Finserv, and Tech Mahindra were the top laggards.

Among the gainers were Eicher Motors, Samvardhana Motherson, HAL, JIO Financial Serv., Vedanta, Adani Power, and Ambuja Cement.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong all closed lower.

European markets were trading in the red.

Meanwhile, the next stock market holiday is on 1 May, for Maharashtra Day.

Also Read: ORF Report Predicts Service Sector to Lead Job Creation, Forecasts 22% Increase in Employment by 2028

Mankrit Kaur

Recent Posts

Gautam Adani Hails Puri Lifeguards As Unsung Heroes During Rath Yatra Visit

Gautam Adani, Chairman of the Adani Group, visited Puri in Odisha during the annual Rath…

6 hours ago

Acharya Pramod Krishnam Slams Congress Over ‘Internal Emergency’ Allegation

Acharya Pramod Krishnam, stirred political debate by claiming an 'internal emergency' still exists within the…

6 hours ago

MRM Meeting: Pledge for Global Peace, Green India, De-addiction & Democratic Integrity

Taking a crucial step toward positive transformation, social reform, and global peace, the Muslim Rashtriya…

6 hours ago

India To Host 2029 World Police & Fire Games; Amit Shah Hails Global Recognition

India has been chosen to host the prestigious 2029 World Police and Fire Games in…

6 hours ago

Seeing The Lord Among Devotees Is The Pinnacle Of Humility: Gautam Adani At Rath Yatra

Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…

9 hours ago

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

10 hours ago