MCX to open for trading evening from 5 to 11 pm
MUMBAI: Equity markets in India remain closed today (Monday, June 17, 2024) for trading, as Muslims celebrate Eid-al-Adha, also known as Bakri Eid.
Both the BSE and the National Stock Exchange (NSE) will remain closed for the day, affecting all trading segments, including equity, derivatives, and the Securities Lending and Borrowing (SLB) segment.
Normal trading activities will resume on Tuesday, June 18. Similarly, the Multi Commodity Exchange of India Ltd (MCX) will not operate during the morning session on June 17. However, it will open later in the day for the evening session, allowing commodity traders to participate from 5:00 PM onwards until either 11:30 PM or 11:55 PM.
Asia-Pacific markets
Asia-Pacific markets opened lower on Monday morning as investors awaited key economic data from China. Japan’s Nikkei 225 index dropped by 2.17 per cent, while the broader Topix index declined by 1.89 per cent. South Korea’s Kospi was trading flat, with the small-cap Kosdaq showing a slight uptrend of 0.13 per cent. Meanwhile, Australia’s S&P/ASX 200 saw a decline of 0.11 per cent as investors in Australia await the upcoming rate decision by the Reserve Bank of Australia scheduled for Tuesday.
Looking ahead to the stock market week, prior to the holiday on June 14, 2024, the BSE Sensex and the Nifty 50 showed resilience despite a cautious start. The Sensex gained 181.87 points or 0.24 percent, closing at 76,992.77, while the Nifty 50 ended at 23,465.60, up by 66.70 points or 0.29 per cent.
Moving forward, due to a lack of domestic triggers in the holiday-shortened week, investors are expected to focus on global trends and the trading activities of foreign investors for market cues. Movements in the global oil benchmark, Brent crude, as well as fluctuations in the rupee-dollar exchange rate, are anticipated to guide market direction.
