Ram Temple consecration: Stock and money markets to be shut today
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Trading on stock exchanges and money markets will remain closed on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya.
In a circular, the NSE said the currency derivative segment would remain closed on January 22.
The Reserve Bank of India (RBI) said there would be no transactions and settlements in government securities (both primary and secondary markets), foreign exchange, money markets, and rupee interest rate derivatives.
The settlement for all pending transactions would be deferred to the subsequent working day, according to a RBI release. The RBI also said the three-day variable rate repo (VRR) auction conducted on Friday with date of reversal Monday would now be reversed on January 23.
In addition, the three-day VRR auction announced earlier stands cancelled and instead, a two-day VRR auction will now be conducted on Tuesday.
All bank branches in Uttar Pradesh and in some other states will remain closed today.
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Chief Minister Nayab Singh Saini will be meeting the senior BJP leadership in Delhi on Wednesday, a day after the ruling party pulled off a hat-trick of wins in Haryana to retain power.
Saini is likely to consult with his senior leadership on finalising his cabinet, sources said.
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Boeing said on Tuesday that it had withdrawn its pay offer to around 33,000 US factory workers and no further negotiations were planned with their union representatives as a financially damaging strike nears its fourth week.
Boeing and the union held their latest round of negotiations with federal mediators on Monday and Tuesday, but talks collapsed and the sides were left locked in acrimonious stalemate showing no signs of being resolved anytime soon, a person briefed on the talks said.
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Torrent Power shares gained 8 per cent in trade on Wednesday, October 9, and registered an intraday high of Rs 1,976.6 per share. The stock advanced after Torrent Power secured a letter of award from Maharashtra State Electricity Distribution (MSEDCL). It also inked a share subscription and shareholders' agreement (SSSA) with Lakshmi Mills and Torrent Urja 17 Private Limited (TU17).
At around 9:22 AM, Torrent Power share price was up 6.85 per cent at Rs 1,941.7 per share. In comparison, the BSE Sensex traded 145.48 per cent higher at 81,780.29 around the same time.
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Hyundai Motor India's IPO will open next week for subscriptions and will likely be priced in the range of Rs 1,865 to 1,960 ($22 to $23) per share, sources said on Tuesday, valuing the automaker at up to $19 billion in the country's biggest stock offering this year.
The India IPO will be Hyundai's first stock market listing outside South Korea. In India, it will also mark the first carmaker to go public in two decades since Maruti Suzuki in 2003, and comes just after Indian stock markets touched record highs and saw many companies making debuts.
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In the Jammu and Kashmir Assembly elections, the Bharatiya Janata Party (BJP) secured the highest share of votes, although the Congress-National Conference (NC) alliance ultimately won the polls. This was the first election in J&K following the abrogation of Article 370. The Congress-NC alliance is now set to form the government, having secured a majority of seats in the Assembly.
Notably, Independent candidates won more seats than Mehbooba Mufti’s People’s Democratic Party (PDP).
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