Indian Stock Markets to Remain Closed on Ganesh Chaturthi
The National Stock Exchange of India (NSE) and the BSE will remain closed on September 19 because of Ganesh Chaturthi. Wholesale commodity markets, including metal and bullion, will also remain closed. There will be no trading in the forex and commodity futures markets, too.
Indian Equity Indices Continue Record Run
On September 15, Indian equity indices continued their record run, with the Nifty crossing 20,200 for the first time amid mixed trends seen on the sectoral front.
The Sensex was up 319.63 points or 0.47 percent at 67,838.63, while the Nifty gained 89.20 points or 0.44 percent at 20,192.30.
Analyst View
“Besides firm global market cues, investors are anticipating a halt in rate hike by the US Federal Reserve in its policy meeting amid moderating inflation, which would augur well for local markets already witnessing a strong upsurge. A status quo on rate hikes would further bolster investors’ sentiment as this would give a further leg up to the economy on hopes of softening interest rate stance going ahead,” said Amol Athawale, Vice President – Technical Research, Kotak Securities.
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