Domestic share markets – NSE, BSE – are closed for Id on Monday, 12 August. Commodity markets, including metal & bullion, are also closed.
Following Thursday also is holiday for the equity markets for India’s Independence day.
A week ended with reasonable gains as indices snapped a one-month losing streak. Nifty recovered the 11100-level once more after the Central Bank slashed the interest rate by 35 base-point in its Bi-monthly meeting, which boosted the market rally in the last two trading days.
In the weekend Friday, 9th Aug, the BSE Sensex gained 1.2% or 463 points on weekly basis to end at 37,581.91 and the NSE Nifty50 index rose 1% or 112 points to conclude at 11,109.65.
Optimism concerning the roll-back of surcharge of Foreign Portfolio Investors (FPIs) kept the impetus going on. As per the latest depository exchange data, FPIs withdrew a net amount of Rs11,134.60 from equities , at the same time pumping in Rs1937.54 in the debt segment during August first to Ninth, taking the total net withdrawal to Rs.91976.06-Cr.