Stock market shut on Wednesday due to Assembly elections in Maharashtra, Jharkhand

3 hours ago 1

Sensex banal  marketThe banal markets volition beryllium closed adjacent successful December for Christmas. (Express file)

The country’s benchmark banal indices, BSE Sensex and Nifty 50, volition stay closed connected Wednesday owed to Legislative Assembly elections successful Maharashtra and Jharkhand.

The banal markets volition present reopen connected Thursday, November 21.

Earlier this month, the markets were closed connected November 1 for Diwali and Laxmi Pujan.

More recently, the bourses were unopen connected November 14 connected the juncture of Guru Nanak Jayanti.

They volition beryllium closed adjacent successful December for Christmas.

The Dalal Street saw nary enactment for 16 days this twelvemonth owed to holidays, different than being closed connected Saturdays and Sundays.

Meanwhile connected Tuesday, the 30-share Sensex rebounded 239 points, oregon 0.31 per cent, to adjacent astatine 77,578.38.

Festive offer

The broader Nifty 50 broke its seven-day losing streak to extremity 64.7 points, oregon 0.28 per cent, up astatine 23,518.5.

Value buying sees marketplace extremity successful green

Market experts attributed banal markets ending successful greenish connected value-buying successful banking, accusation technology, and car shares, according to the PTI.

Value buying refers to the signifier of buying banal that seems to beryllium trading astatine little than their intrinsic oregon publication value, according to Investopedia.

Stock markets person been connected a downward spiral with the Nifty falling 1,030 points, oregon implicit 4.3 per cent, successful the past 7 trading sessions arsenic overseas organization investors were connected a selling spree.

Weaker than expected firm results for the 2nd 4th and strengthening enslaved yields successful the United States tracking the electoral triumph of erstwhile president Donald Trump person besides shown their impact.

The benchmark Sensex has, meanwhile, dropped much than 3,000 points to 77,300 levels during the aforesaid period.

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