Markets closed for trading today, as the Street observes Maharashtra Day
Published On: Friday, May 1, 2020 | By: Team KnowMyStock
Today (1st May 2020) Indian Equity, currency, commodity and derivatives markets will remain closed for trading as the Street will observe Maharashtra Day. The bourses will reopen for trading on May 4th, Monday. May 1 also marks Labour Day in India. Initial success in Covid-19 drug trial and positive globals cues led domestic equity indices soaring in Thursday’s trade to second-biggest weekly gains in nine years. In four sessions, benchmark indices moved up by more than 7 percent. IT, auto and banking names saw heavy buying on Dalal Street as stocks from the oil and gas sector zoomed following a recovery in crude oil prices in the international market. Brent crude and US crude futures each rose about $1.7 or 7 percent a barrel.
Asian stocks have recovered sharply in April and are on track to post their biggest monthly gain since October 2015, thanks to the stimulus measures unveiled by governments to cushion their economies against the coronavirus-induced slowdown.
The MSCI's broadest index of Asia-Pacific shares has gained about 8.5% this month, compared with a jump of about 11.6% in the MSCI's global share index.
Vietnamese, Thai and Indian stocks all surged about 15% or higher this month and led regional gains.
Source: https://economictimes.indiatimes.com
Tags: market closed
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
