Sensex, Nifty Closed For Trading Due To Muharram

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The rupee ended greater by 10 paise at 74.24 per greenback on Wednesday vis-a-vis earlier shut of 74.34

The BSE Sensex and NSE Nifty are closed for buying and selling as we speak i.e. August 19 on account of Muharram. Muharram commemorates the loss of life of the Prophet Muhammad’s grandson, Hussein Ibn Ali in the battle of Karbala in AD 680. It additionally marks the start of the Islamic New Year.

The foreign money markets may even be shut for the day. However, the MCX can be closed solely within the morning session from 9 am to five pm. Normal buying and selling will resume on Friday i.e. August 19.

On Wednesday, August 18, the Sensex snapped its four-day record-breaking run to finish decrease by 162.78 factors or 0.29 per cent at 55,629.49 and the Nifty declined 45.80 factors, or 0.28 per cent, to shut at 16,568.80. ICICI Bank, HDFC, Kotak Mahindra Bank, Infosys, Power Grid, Larsen & Toubro and Bharti Airtel had been among the many high drags on the markets.

In the foreign money market, the rupee ended greater by 10 paise at 74.24 per greenback on Wednesday as in opposition to the earlier shut of 74.34.



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