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

NSE Pledges ₹1 Crore For Pahalgam Attack Victims’ Families; LIC To Fast-Track Claims

The National Stock Exchange (NSE) has pledged ₹1 crore to support families of those killed…

4 hours ago

Netanyahu To Meloni, Top World Leaders Dial PM Modi To Condemn Pahalgam Terror Attack

Top global leaders called Prime Minister Narendra Modi on Thursday to condemn the Pahalgam terror…

5 hours ago

J&K All-Party Meet Backs Centre, Lauds Kashmiris For Supporting Tourists After Pahalgam Terror Attack

An all-party meeting held in Srinagar on Thursday passed a resolution extending full support to…

5 hours ago

Mukesh Ambani Condemns Pahalgam Terror Attack; Offers Free Treatment To Victims

Reliance Industries Chairman and Managing Director  Mukesh  Ambani on Thursday denounced the 22 April terrorist attack…

6 hours ago

Israel Condemns Pahalgam Terror Attack; Offers Support To India

Prime Minister Narendra Modi spoke with his Israeli counterpart, Benjamin Netanyahu on Thursday, following Tuesday’s terror attack in…

7 hours ago

PM Modi Condemns Pahalgam Terror Attack; Vows Unprecedented Action Against Perpetrators

PM Narendra Modi has expressed deep sorrow over the brutal killing of 26 innocent civilians…

7 hours ago