Stock Market, Commodity Market and Foreign Market Falls on account of Maharashtra Day
Date
5/26/2018 5:30:21 AM
(MENAFNEditorial) Domestic stock, bond, currency and commodity markets are shut on Tuesday on account of Maharashtra Day. Globally, a host of stock markets, including those of China, South Korea, Singapore, Hong Kong, Italy, Spain, and Germany, are observing Labour Day, and are closed too.
Foreign flows into India have been negative of late. FPIs, in fact, dumped Rs 5,552 crore worth of domestic equities in April. However, domestic flows -- at Rs 8,511 crore -- have done the rescue act, helping the stock market go higher. Investors are advised to keep an eye on stock tips for tomorrow for further market updates.
The Sensex on Monday reclaimed the 35,000 mark and the Nifty revisited 10,700 for the first time in three months, mirroring strength in Asian equities on easing geopolitical tensions on the Korean peninsula. The 30-share barometer rose 191 points, or 0.55 percent, to close at 35,160.
The NSE benchmark gained 47 points, or 0.44 percent, to end at 10,739. Both indices posted their biggest monthly gains in April since March 2016.
"Bond yields are likely to soften when the market opens on Wednesday. Equity markets too are likely to open higher on Wednesday, other things being equal. Our markets have relatively done better than the global markets in April. This trend is likely to continue," as per the market experts. Commodity investors should check on mcx free tips available online.
The money market was shut on Monday on account of Buddha Purnima. The rupee had on Friday settled at 66.66 per dollar compared with 66.75 in the previous session. The benchmark 10-year bond price fell to Rs 95.97 on Friday, yielding 7.77 percent.
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