Share Market Tips - NSE, BSE shut today on account of Ramzan Eid
BSE and National Stock Exchange (NSE) are closed for trade on June 5 on account of Ramzan Eid (Id-Ul-Fitr).
The wholesale commodity markets, including metal and bullion, are also closed. There will be no trading activity in forex and commodity futures markets as well. On June 4, benchmark indices closed lower as traders turned cautious ahead of Monetary Policy Committee's interest rate decision due on Thursday. US-China trade tensions and likely delay of monsoon also caused selling pressure in the market.
The BSE Sensex ended 184.08 points lower at 40,083.54, while the Nifty shed 66.80 points to close at 12,021.70. Inflation is not of concern and economic growth needs support. This will provide momentum to the market in coming days, he added.
Zee Entertainment, Hero Motocorp, Asian Paints, HCL Tech and TCS were among major losers on the Nifty, while Yes Bank, Bharti Infratel, Axis Bank, NTPC and Vedanta were the major gainers.
The broader markets outperformed the frontline indices with the Nifty Midcap and Smallcap indices ending flat with a negative bias. The market breadth was in favor of bears. About three shares declined for every two shares rising on the NSE.
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