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.
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