Market News - The NSE and BSE Ltd are closed for Dussehra

NEWS ALERT | Defence Minister Rajnath Singh is scheduled to travel to France to receive the first Rafale fighter jet.

The National Stock Exchange of India and BSE Limited are closed for trading on October 8, 2019, on account of Dussehra. Notably, wholesale commodity markets, and forex and commodity futures markets will also remain closed to mark the auspicious occasion.

The headline indices Sensex and Nifty have registered their worst losing streak since July, ending lower for the 6th straight day on Monday. Sensex and Nifty closed lower for the sixth straight session on Monday, dragged down by losses in index heavyweights ITC, TCS, L&T, HDFC twins and Infosys amid weak global cues.

The 30-share Sensex closed 141.33 points, or 0.38% down at 37,531.98. Intra-day the Sensex touched a low of 37,480.53 and a high of 37,919.47.

Excess rainfall may have damaged Kharif crops, to hit sugarcane output - Excess rainfall in almost all agrarian states across India may have damaged Kharif crops and the same holds true for sugarcane crops.

However, farmers and traders are hopeful that surplus rains this year have raised prospects of a bumper sugarcane crop as well as sugar output for the 2020-21 season. Sugar season starts in October and ends in September.

Silver futures slip on weak global cues

Silver for December delivery traded lower by Rs 19, or 0.04 percent, at Rs 45,360 per kg in a business turnover of 2,691 lots on the Multi Commodity Exchange (MCX).

Silver prices fell by Rs 19 at Rs 45,360 per kg in futures trade on Monday as investors trimmed their positions over a weak global trend.

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