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Maharashtra Election 2019: Financial Markets To Remain Closed Today, Trading To Resume On Tuesday

Election in Maharashtra: Trading in the equity, debt and currency markets will resume on Tuesday, October 22.

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Maharashtra Election 2019: Financial Markets To Remain Closed Today, Trading To Resume On Tuesday

Maharashtra Assembly Election 2019: FIIs have net bought Rs 4,970.41 crore of Indian equities this month


Domestic financial markets will remain closed on Monday on account of assembly polls in Maharashtra. Trading in the equity, debt and currency markets will resume on Tuesday, October 22. Equity market benchmark S&P BSE Sensex closed 246.32 points - or 0.63 per cent - higher at 39,298.38 on Friday, and the broader NSE Nifty index rose 75.50 points - or 0.65 per cent - to settle at 11,661.85, extending gains for the sixth session in a row. Analysts will closely monitor quarterly earnings reports from large cap companies such as Axis Bank, State Bank of India (SBI), ITC and Maruti Suzuki India for cues. (Also read: Assembly polls 2019 - Advantage BJP As Voting Begins In Maharashtra, Haryana)

The equity markets have clocked their longest gaining streak since March 22, boosted by foreign fund inflows and positive developments on the Brexit front. The Sensex gained as much as 3.74 per cent - or 1,417.98 - and the Nifty added 427.30 points (3.80 per cent) in the six-day period. 

Banking majors SBI, Kotak Mahindra Bank and Axis Bank, auto makers Hero MotoCorp, Bajaj Auto, Tata Motors and Maruti Suzuki India, and engineering company Larsen & Toubro will release their financial results for the quarter ended September 30 this week. 

On Friday, the rupee ended flat at 71.14 against the US dollar. The 10-year government bond yield (G-Sec) ended at 6.52 per cent on Friday, as against 6.50 per cent the previous day.

Net inflow of funds into the Indian capital markets stood at Rs 36.56 crore on Friday, according to provisional data from the National Stock Exchange (NSE). 

FIIs have so far this month net purchased Indian equities worth Rs 4,970.41 crore ($696.28 million), separate data from NSDL showed.



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