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BSE, NSE shut on account of Muharram; Gold prices drop Rs 300

The National Stock Exchange and the BSE are shut for trade on September 10 on account of Muharram.

There will be no trading activity in forex and commodity futures markets as well. Wholesale commodity markets, including metal and bullion, too are closed for trade today.

Benchmark indices continued to gain on September 9 with the Nifty rising for the fourth consecutive session and closing above the psychological 11,000 marks for the first time in the last five trading days.

Yesterday, the stock market started off the week on a positive note, with the Sensex ending 163.68 points or 0.44 percent, higher at 37,145.45; and the NSE Nifty reclaimed the crucial 11,000-mark. Yes Bank, Maruti Suzuki, L&T, Kotak Bank, Bharti Airtel, Bajaj Finance, SBI, ONGC, HDFC and Hero MotoCorp were among the biggest gainers in the Sensex-pack, rising up to 4.47%. Shares of HCL Tech, Infosys, TechM, Bajaj Auto and TCS were among the biggest losers, shedding up to 1.50% 0n Monday.

Meanwhile,  AMFI data released on Monday showed that equity mutual funds have posted a 12.8% on-month rise is inflows to Rs 9,152.43 crore, as compared to Rs 8,112.52 crore in July. Equity mutual funds registered their second-highest level of net inflows in the last 10 months.

Gold prices drop Rs 300; silver tumbles Rs 1,400  - Prices of gold on Monday declined Rs 300 to Rs 39,225 per 10 gram at the bullion market here, in absence of demand and a stronger rupee, according to HDFC Securities. Silver was also on weak ground, tumbling Rs 1,400 to Rs 48,500 per kilogram. “Spot gold prices for 24 karats (99.9 percent purity) in Delhi was trading down by Rs 300 in absence of physical demand and a stronger rupee,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

NSE | BSE | Market News | Gold Prices | Indian Rupee


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