Markets shut for Gandhi Jayanti after four straight losing days
Indian stock markets stayed shut on Friday for Mahatma Gandhi Jayanti, giving investors a three-day break after a bruising week. The BSE and NSE will reopen on Monday, October 5.
On Thursday, both benchmark indices fell for the fourth straight session. The Sensex dropped 570.59 points, or 0.79 per cent, to close at 71,909.70. During the day it fell as much as 1,187.41 points to 71,292.88, a fresh 52-week low.
The Nifty declined 198.50 points, or 0.88 per cent, to 22,421.95. Persistent selling by foreign investors, elevated bond yields and crude oil above 100 dollars a barrel weighed on sentiment.
The weekly fall extended the losing run. The Sensex shed 1,986.04 points, or 2.68 per cent, over the week. September was weaker still: the index fell 4,476.98 points, or 5.81 per cent.
The Multi Commodity Exchange is also shut on Friday. The next market holiday after the weekend is October 20 for Dussehra.
Related stories
View all →
Sensex crashes 1,045 points as RBI hike, oil spook investors
Indian markets fell sharply on October 8. The Sensex dropped 1,045.46 points, or 1.44 per cent, to close at 71,593.24. The Nifty…
US Sanctions 17 ‘Shadow Fleet’ Vessels Over Iran Oil Trade
The US Treasury sanctioned 17 vessels it says are part of Iran's shadow fleet, moving millions of barrels of oil around the…
Oil Falls, Bitcoin Jumps as Trump Rules Out Pre-Election Iran Strike
Brent crude fell toward $103 and Bitcoin rebounded to $82,000 after Trump said the US would not attack Iran before the November…
Khabar 24h Editorial Desk — our explainers are prepared by the Khabar 24h editorial team using AI-assisted research tools, and every piece is reviewed by a human editor before publishing. We do not claim original reporting: our work is turning complex topics into simple, accurate summaries. Spotted an error? Write to contact@khabar24h.com — our corrections policy aims for same-day review.
More from this author →
Leave a Reply