All major markets, including the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE) Forex, Money, Bullion, Oils & Oilseeds will remain closed on Monday as Mumbai goes to vote for the general election 2019.
Voting is taking place in 71 parliamentary constituencies in eight states and also in Jammu and Kashmir’s Anantnag where voting is taking place in three phases due to security reasons. There are a total of 17 seats in Maharashtra, 13 in Rajasthan and Uttar Pradesh each, eight in West Bengal, six in Madhya Pradesh and Odisha each, five seats in Bihar and three in Jharkhand.
Asian stock markets edged up on Monday with MSCI`s broadest index of Asia-Pacific shares outside Japan shooting up less than 0.1 percent. Australian shares were down 0.26 percent, while Seoul`s KOSPI was up 0.4 percent. Japan`s financial markets are closed for a long national holiday this week, but Nikkei 225 futures in Singapore were 0.72 percent higher, a Reuters report said.On Friday, The BSE Sensex zoomed 336 points to reclaim the 39,000 mark. The NSE Nifty too ended 112.85 points, or 0.97 per cent, up at 11,754.65.
Meanwhile, foreign institutional investors (FIIs) purchased equity worth Rs 3,785.73 crore on Thursday, while domestic institutional investors (DIIs) sold shares to the tune of Rs 4,069.98 crore, provisional data available with stock exchanges showed.
