Indian markets closed for Hindu festival

Tuesday, 10 September 2002, 07:00 Hrs
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MUMBAI: Stock markets, foreign exchange and commodity trading remained closed in India's financial capital Tuesday for the Hindu festival of 'Ganesh Chaturthi'. The trading activity will resume Wednesday.

The benchmark Bombay Stock Exchange index dropped sharply Monday as investors took profits in shares of state-run firms on fears that differences within the ruling coalition would completely derail the government's privatisation programme.

Reflecting the bearish sentiment, the market barometer 30-share Bombay Stock Exchange sensitive index or Sensex closed at 3,089.47, registering a loss of 51.64 points or 1.64 percent from its previous close.


Source: IANS
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