Rajiv Kumar Gupta (45), head of a weekly market in east Delhi’s Madhu Vihar, said local authorities have asked them to wait till at least May 31. “There are 100-odd vendors in the weekly market we used to set up in Madhu Vihar, Mandawali, Vinod Nagar and other places across the week. We have now been told to wait till May-end,” Gupta said. … [Read more...] about Delhi weekly markets still shut, vendors say ‘lack of clarity’
Vendors union square holiday market
Major gainers in the Sensex pack were M&M, Infosys, Asian Paints, Ultrachem, Tech Mahindra, Maruti, Heromotocorp, TCS, Kotak Bank, HUL, Sun Pharma and NTPC, rising upto 4.46 percent. On the other hand top laggards were, Axis Bank, HDFC, Bajaj Finance, ICICI Bank, Bajaj Auto, Tata Steel, IndusInd Bank, HDFC Bank, Power grid, ITC, ONGC and HCL Tech, falling upto 5.65 percent. … [Read more...] about Markets closed today on account of Eid-ul-Fitr 2020
MUMBAI: Indian equity, currency, commodity and bond markets will be closed for trading on Monday, on account of Eid-Ul-Fitr. US markets also will be closed on Monday for the Memorial Day. In the week ahead, Indian market will continue to focus on the pace of spread of coronavirus infections, and investors eagerly await a roadmap on lifting or extension of lockdown which is currently scheduled up to May 31. A section of the market is also hoping for more stimulus measures from the government after the last set of measures failed to excite the Street. The GDP data for the March quarter, which is due on May 29 will provide some cues on the extent of the early damage to the lockdown which started in the second half of March. Corporate earnings of companies such as Housing Development Finance Corporation (HDFC), Dabur, Ceat, Lupin, TVS Motor, Equitas Holdings will be closely watched. “The market is feeding off expectations, expectations of more boosters from the government and … [Read more...] about Is the stock market open for trading today?
A gauge of Asian stocks pared early gains on Monday amid souring relations between China and the United States, with Hong Kong shares extending losses on mounting fears about future stability in the city. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China's blue-chip CSI300 index down 0.2%. Hong Kong's HSI index dived 1.4% to a two-month low after sinking 5.5% on Friday. South Korea, Australia and New Zealand were trading higher while E-minis for S&P500 were also slightly upbeat. Japan's Nikkei jumped 1.5% after the Nikkei newspaper reported the country was considering a fresh stimulus package worth over $929 billion that will consist mostly of financial aid programmes for companies hit by the coronavirus pandemic. Analysts expect overall trading to be subdued with U.S. and British markets shut for public holidays. "Rising tensions between the U.S. and China around Hong Kong, trade policy and who is responsible for the 2020 … [Read more...] about Global markets reverse early gains, eyes on China-US trade relations
NEW DELHI: Shares of PSU banks were trading with losses in Friday's session. Shares of J & K Bank (down 2.76 per cent) , Indian Bank (down 1.66 per cent) , Union Bank of India (down 1.51 per cent) , Indian Overseas Bank (down 1.36 per cent) , Punjab & Sind Bank (down 1.15 per cent) , Punjab National Bank (down 1.11 per cent) , Central Bank of India (down 1.09 per cent) , UCO Bank (down 0.9 per cent) , Canara Bank (down 0.84 per cent) , State Bank of India (down 0.79 per cent) , Bank of Maharashtra (down 0.58 per cent) , Bank of Baroda (down 0.53 per cent) and Bank of India (down 0.47 per cent) were the top losers in the index. The Nifty PSU Bank index was trading 0.93 per cent down at 1089.4 around 02:00PM. Benchmark NSE Nifty50 index was down 95.55 points at 9010.7, while the BSE Sensex was down 334.56 points at 30598.34. Among the 50 stocks in the Nifty index, 19 were trading in the green, while 31 were in the red. Shares of Vodafone Idea, SBI, ICICI Bank, Bank of … [Read more...] about Share market update: PSU bank shares fall; PNB dips 1%