Financial Markets To Remain Closed On Tuesday For Muharram

INSUBCONTINENT EXCLUSIVE:
The financial markets will resume trading on Wednesday, September 11.Domestic equity, debt and currency markets will remain closed on
Tuesday on account of Muharram
On Monday, the stock market benchmark index S-P BSE Sensex ended 164 points or 0.44 per cent higher to close at 37,145 and the Nifty 50
The NSE Nifty 50 index closed above 11,000 mark for the first time since August 30
The rupee, on the other hand, settled flat at 71.71 against the US dollar
Rising crude oil prices and foreign fund outflows weighed on the domestic currency, analysts said.Foreign institutional investors (FIIs)
markets will now resume trading on Wednesday, September 11.According to news agency Reuters poll, retail inflation likely rose to a 10-month
high in August primarily driven by higher food prices, while staying below the Reserve Bank of India's medium-term target of 4 per
central bank reduced its policy rate to 5.40 per cent on August 7, and has lowered the rate by 110 basis points this year.Last week, Road
Transport Minister Nitin Gadkari assured the crisis-hit automobile sector of all possible support from the government, including taking up
and around the world on TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.