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Market Holiday: Domestic financial markets will remain shut on Monday for Guru Nanak Jayanti holiday
Guru Nanak Jayanti Market Holiday: Domestic financial markets will remain shut on Monday, November 30, for Guru Nanak Jayanti holiday. The country’s currency, debt and equity markets will be closed on November 30, and resume trading on Tuesday, December 1. Official data released after market hours on Friday showed the country’s gross domestic product (GDP) contracted a better-than-estimated 7.5 per cent in the July-September period, rebounding from a record 23.9 per cent slump in the previous quarter on account of the coronavirus pandemic.
(Also Read: At -7.5%, GDP Rebounds But India Now In Technical Recession)
Last Friday, equity benchmarks S&P BSE Sensex and NSE Nifty 50 declined 110.02 points, or 0.25 per cent, to 44,149.72 and 18.05 points, 0.14 per cent, to 12,968.95 respectively.
(Also Read: Sensex Ends 110 Points Lower, Nifty Slips To 12,969 Ahead Of GDP Data)
The rupee weakened by 16 paise – or 0.22 per cent – to close at 74.04 against the US dollar, despite weakness in the greenback overseas.
(Also Read: Rupee Ends Winning Streak, Closes At 74.05 Against Dollar)
The 10-year benchmark bond yield ended at 5.91 per cent.
The dollar index – which gauges the American currency against six others – fell 0.22 per cent to 91.79.
Multi Commodity Exchange will remain shut for the morning session, from 9 am to 5 pm, and remain open for the evening session, from 5 pm to 11:55 pm.
The financial markets will also remain closed on December 25 for Christmas holiday.
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