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Stock markets closed today for Eid-Ul-Fitr, bullion and sugar markets open

Stock markets closed today for Eid-Ul-Fitr, bullion and sugar markets open

The BSE benchmark Sensex on Monday had fallen for a second straight day and ended 135.52 points down at a one-week low as investors booked profits in metal, oil and gas and realty shares after the recent rally.

PTI
  • Mumbai,
  • Updated Jul 29, 2014 1:37 PM IST
Stock markets closed today for Eid-Ul-Fitr, bullion and sugar markets open(Photo: Reuters)

The Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Forex, Money, Metals and oils and oilseeds markets will remain closed on Tuesday, on account of Eid-Ul-Fitr (Ramzan Eid). However, bullion and sugar markets will remain open as usual.

The BSE benchmark Sensex on Monday fell for a second straight day and ended 135.52 points down at a one-week low as investors booked profits in metal, oil and gas and realty shares after the recent rally.

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Meanwhile, the 50-share Nifty of the National Stock Exchange lost 41.75 points, or 0.54 per cent, to settle at a one-week low of 7,748.70 in its second day of declines. During the session, Nifty shuttled between 7,799.90 and 7,722.65.

Among major losers, Coal India suffered the most by plunging over 3 per cent, the most in three weeks.

Stocks of FMCG major Hindustan Unilever gained 3.69 per cent after the company on Monday reported increase in standalone net profit at Rs 1,056.85 crore for the June quarter.

Among others counters that saw earnings on Monday, shares of Persistent Systems and Bank of Baroda closed higher while JK Cement, Havells India and Dabur edged lower.

Monday's Sensex closing was the weakest since 25,715.17 on July 21, 2014. On Friday, it had shed 145.10 points, snapping a record 8-day upmove in which the Sensex rose over 5 per cent.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Jul 29, 2014 12:38 PM IST
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