Stock, forex, commodity and bond markets shut today for Ramnavami
Equity indices continued their journey downwards on the first day of the fiscal year 2021 on Wednesday.
By ETMarkets.com | Updated:
BCCL
NEW DELHI: Indian equity, currency, commodity and bond markets will be closed for trading on Thursday, April 2, on account of Ramnavami. The bourses will reopen for trading on April 3, Friday.
Equity indices continued their journey downwards on the first day of the fiscal year 2021 on Wednesday. BSE’s 30-share Sensex dropped 4.08 per cent or 1,203 points to close at 28,265, while NSE’s 50-share Nifty shed 3.89 per cent or 334 points to close at 8,264.
Banks and IT sectors led the bluechip losers. Equity inventors lost Rs 3.2 lakh crore.
“Investor confidence is continuously being impacted due to mounting fear of global recession, rising cases of Covid-19 and weak macros. We reiterate our cautious view on markets and suggest keeping extra care for stock selection and risk management,” said Ajit Mishra, VP - Research, Religare Broking.
World markets also fell on Wednesday as the coronavirus threat ensured an ugly start to the second quarter for equities and commodities.Traders headed for the safety of government bonds, the dollar and gold.
Tokyo's Nikkei slumped 4.5 per cent after the worst plunge in factory activity in almost a decade.
Equity indices continued their journey downwards on the first day of the fiscal year 2021 on Wednesday. BSE’s 30-share Sensex dropped 4.08 per cent or 1,203 points to close at 28,265, while NSE’s 50-share Nifty shed 3.89 per cent or 334 points to close at 8,264.
Banks and IT sectors led the bluechip losers. Equity inventors lost Rs 3.2 lakh crore.
“Investor confidence is continuously being impacted due to mounting fear of global recession, rising cases of Covid-19 and weak macros. We reiterate our cautious view on markets and suggest keeping extra care for stock selection and risk management,” said Ajit Mishra, VP - Research, Religare Broking.
World markets also fell on Wednesday as the coronavirus threat ensured an ugly start to the second quarter for equities and commodities.Traders headed for the safety of government bonds, the dollar and gold.
Tokyo's Nikkei slumped 4.5 per cent after the worst plunge in factory activity in almost a decade.
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