Gandhi Jayanti Holiday: Banks, Stock Market To Remain Closed, Here’s What Will Stay Open On October 2
Mumbai: India observes Gandhi Jayanti every year on October 2 to mark the birth anniversary of Mahatma Gandhi. This year marks his 157th birth anniversary. Gandhi Jayanti is a national holiday, and several institutions, including banks, stock exchanges and government offices, remain closed. The day is also observed as a dry day across the country. However, several digital and essential services…
On October 2, India’s equity, currency and debt markets were closed for a local holiday called Gandhi Jayanti. The BSE Sensex and the broader NSE index both experienced declines on Thursday, marking their eighth consecutive weekly loss and the longest such streak in 25 years. The record foreign selling, rising crude prices near $100 a barrel, and a surge in global yields contributed to the downward pressure on risk sentiment.
The Indian rupee weakened to 96.3150 per dollar on Thursday, its weakest level in two months, amid surging global bond yields and soaring oil prices, further straining the currency already impacted by foreign portfolio outflows. The 10-year bond yield rose to its worst week in seven, reaching 7.2133%, hovering at a two-and-a-half-year high and climbing by 9.5 bps for the week.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Indian markets closed on October 2 for Gandhi Jayanti thehindubusinessline.com
- Indian Markets Closed For Gandhi Jayanti nasdaq.com
