BSE, NSE declare May 20 as trading holiday on account of polling in Mumbai

Rate this post

India’s stock exchange operators NSE and BSE on Monday declared May 20 as a trading holiday on account of a parliamentary election to be held in the country’s financial capital Mumbai.

India will elect a new parliament in seven phases between April 19 and June 1

Votes will be counted on June 4.

Benchmark S&P BSE Sensex, and the Nifty50 indices hit new record highs on Monday, lifted by Maruti Suzuki, M&M, Reliance Industries, Axis Bank, L&T, Bharti Airtel, TCS, and ITC. The m-cap of all BSE listed firms touched Rs 401-trillion mark during the day.

Aided further by strong global momentum, the BSE Sensex rallied 494 points, or 0.67 per cent, to settle at 74,743 levels. It hit a fresh lifetime high of 74,869 during the day. The NSE Nifty50, meanwhile, zoomed 163 points, or 0.68 per cent, to shut shop at 22,666. It hit a new high of 22,697 intraday.

In the broader markets, the BSE MidCap and SmallCap indices closed mixed with the former up 0.26 per cent, but the latter down 0.06 per cent.

Among sectors, the Nifty Auto advanced over 2 per cent, the Nifty Realty 1.32 per cent, and the Nifty Metal 1 per cent. On the flipside, the Nifty PSU Bank index sliped 0.86 per cent.

Source link

Visit for practical courses

Pooja Gupta

CA Pooja Gupta (CA, ISA, having 15 years of experience. Educator and Digital Creator

Disclaimer:- The opinions presented are exclusively those of the author and CA Guruji Classes. The material in this piece is intended purely for informational purposes and for individual, non-commercial consumption. It does not constitute expert guidance or an endorsement by any organization. The author, the organization, and its associates are not liable for any form of loss or harm resulting from the information in this article, nor for any decisions made based on it. Furthermore, no segment of this article or newsletter should be employed for any intention unless granted in written form, and we maintain the legal right to address any unauthorized utilization of our article or newsletter.

CA Pooja Gupta (CA, ISA, having 15 years of experience. Educator and Digital Creator

Leave a Comment