Market holiday note: BSE, NSE, Forex, Money, Bullion, Commodity markets closed due to Ganesh Chaturthi

Market holiday note: The ten-day long Ganesh Chaturthi festival commenced today with zeal and fervour across Maharashtra. because of this festival, the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), forex and money market will remain closed today.

Market holiday note: BSE, NSE, Forex, Money, Bullion, Commodity markets closed due to Ganesh Chaturthi
Market holiday note: Giving respite to currency traders, Indian rupee rebounded from its historic low of 72.91 (intra-day) against the dollar to 71.86 in afternoon trade. Image source: Reuters
By ZeeBiz WebTeam
Updated: Thu, Sep 13, 2018
11:53 am
New Delhi, ZeeBiz WebDesk
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Market holiday note: The ten-day long Ganesh Chaturthi festival commenced today with zeal and fervour across Maharashtra. because of this festival, the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), forex and money market will remain closed today.
 
Earlier on Wednesday, equity indices staged a pullback, reversing a two-day meltdown, in the wake of the government's statement that all steps will be taken to ensure the domestic currency does not depreciate to "unreasonable levels". Prime Minister Narendra Modi will also take stock of the economic situation on Sunday.
 
The BSE Sensex, which opened in the green on Wednesday, surged in late afternoon trade to finish higher by 304.83 points at 37,717.96, while the NSE Nifty also jumped 82.40 points to end at 11,369.90.
 
Giving respite to currency traders, Indian rupee rebounded from its historic low of 72.91 (intra-day) against the dollar to 71.86 in afternoon trade. The rupee had closed at yet another record low of 72.69 Tuesday.
 
The economic data, released yesterday, also showed that India's exports grew by 19.21 per cent to USD 27.84 billion in August.
 
Economic Affairs Secretary Subhash Chandra Garg reportedly said that the government and the RBI will do everything to ensure that the rupee does not depreciate to "unreasonable levels".
 
The 30-share BSE Sensex, after a positive opening at 37,546.42, finally settled 304.83 points, or 0.81 per cent, higher at 37,717.96. In a volatile session, the broader NSE Nifty also recaptured the key 11,300-mark, and ended at 11,369.90, up 82.40 points or 0.73 per cent. 
 
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Notably, the Ganesh festival began with devotees, attired in traditional clothes, bringing colourful idols of Ganapati in their homes and pandals, and installing them amid chants of 'Ganapati bappa moraya', beating of drums and sprinkling of 'gulal' (red coloured powder).

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