Stock market holiday today for Muharram? Check if NSE and BSE are open on July 7
ADVERTISEMENT The observance of Ashura, the 10th day of Muharram and a day of deep religious significance for many in the Muslim community, fell on Sunday, July 6. Since Indian stock markets are already closed on Sundays, there has been no shift in trading schedules for Monday.
Muharram is a key date in the Islamic calendar, commemorated through mourning processions. There is no official market closure today. All regular services, including banks, schools, government offices, and postal services, are also open and functioning as per normal hours.
Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70%
So far this year, stock markets have observed 14 holidays. The last market holiday was on May 1 for Maharashtra Day, and the next scheduled break is on August 15 for Independence Day.
ADVERTISEMENT - August 15 (Friday): Independence Day / Parsi New Year- August 27 (Wednesday): Ganesh Chaturthi
ADVERTISEMENT - October 2 (Thursday): Gandhi Jayanti / Dussehra- October 21 (Tuesday): Diwali Laxmi Pujan
ADVERTISEMENT - October 22 (Wednesday): Balipratipada- November 5 (Wednesday): Guru Nanak Jayanti- December 25 (Thursday): Christmas
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Also Read: TCS, HCLTech among 10 stocks that have paid dividends over 40 times since 2011
On Friday, July 4, benchmark indices ended higher despite ongoing global uncertainties. The BSE Sensex rose 193.42 points to close at 83,432.89, while the NSE Nifty advanced 55.70 points, settling at 25,461.00.Market movement remained choppy through the day, as investors kept a close watch on developments around the upcoming U.S. tariff deadline and recent regulatory action by SEBI involving U.S.-based Jane Street over alleged manipulation in the derivatives segment.
Also Read: 10 Nifty smallcap stocks analysts expect to rally up to 72%
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Hans India
38 minutes ago
- Hans India
Gadkari's remarks call for ‘Atmanirbhar Bharat 2047' reality check
It is quite rare for an incumbent Union minister to openly admit that, at times, statistical figures may not always reflect the ground realities. It takes guts for a minister to come up with facts that debunk theories floated by the government in power as regards claims about achievements and 'steady' economic growth. Although, on the face of it, India has this year pipped Japan to emerge as the world's fourth-largest economy in terms of GDP, the fact of the matter is that the country is yet to come out of the shackles of economic inequality. UNDP's latest report on Asia-Pacific Human Development states that the addition of around 40 billionaires has taken their count to 143, while, in these intervening years, 46 million Indians have been pushed to the BPL strata. One must give it to the Union Road Transport and Highways Minister Nitin Gadkari, who, on Saturday, dared to come up with some chilling facts and figures that are in stark contrast to the lofty claims of the NDA government at the Centre, which continues to harp on the 'fastest growing major economy' tag. Their projections appear as if the country is doing 'wonderfully well' across sectors, even as the government remains silent on the darker side of the 'vibrant' economy. Expressing concern over the 'rising' number of poor, and wealth getting concentrated in the hands of a limited number of people, Gadkari was bang on with his call for decentralisation of wealth. While lauding former prime ministers P V Narasimha Rao and Dr Manmohan Singh for pursuing growth-oriented economic policies, Gadkari cautioned against unchecked centralisation and the imbalances in sectoral contributions to the GDP. Underscoring the need to focus on creating jobs and uplift the rural folk, he noted, 'There is a need for decentralisation of wealth. Agriculture, despite engaging 65-70 per cent of the rural population, contributes only around 12 per cent.' The minister was not being critical but speaking his heart out, while putting things in their right perspective. Disparity exists even among Indian states, many of which are 'prosperous' while in other States, people continue to stare at abject poverty, Notwithstanding the fact that the country's per capita income has risen from $442 to $2,389 in the last 20 years, the reality is that whatever income and wealth that was generated in these two decades has been garnered by a miniscule section of the population (the elite class) while the misery of the poor has turned nightmarish, despite a multitude of government-sponsored welfare schemes. Many economists assert that the disparity has widened since 2017 following the introduction of Goods and Services Tax (GST) and lowering of the corporate tax rate. Irrespective of the reasons behind the GST move, one must not forget that this hangs as the 'Sword of Damocles', on the middle class and BPL families. People in the know have always wondered at the growing inequality despite the steady economic growth in the past few years. There is a well-orchestrated demand to introduce wealth tax as a measure to check the existing inequality from getting wider, while duly earmarking the revenue so generated for welfare schemes, education and healthcare. Laws should be so tightly framed and implemented that the rich, unwilling to dole out wealth tax, don't make a beeline to tax havens. Viksit Bharat 2027, anyone?
Mint
an hour ago
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Tuesday — 8 July 2025
Stock Market today: The benchmark Nifty-50 index started a new week on a cautious note, ending flat at 25,461.30. The Bank Nifty at 56,949.20 also shed 0.15% points, while IT and Metals were among the main losers. The FMCG and Oil & Gas indexes, though, happened to remain as key gainers. In the broader markets, mid-and small-caps also lost 0.27% - 0.44%. For Nifty, support is placed at 25,400. A fall below this level might trigger short-term selling pressure. Below 25,400, additional support is seen at 25,250 and 25,100. While on the higher end, resistance is placed at 25,500. A decisive move above this level could push the Nifty towards 25,800," said Rupak De, Senior Technical Analyst at LKP Securities. Key support is placed at 56,000–55,500 region for Bank nifty as per Bajaj Broking. Indian equities ended flat in a lackluster session, with investors assessing US Treasury Secretary's comments that tariffs would be enforced starting 1st August 25 for countries yet to finalize trade deals with the US administration. Overall, while the market may remain range-bound in the near term amid global trade developments, improving earnings visibility and strong sectoral performance could support selective outperformance as the Q1 earnings season unfolds, said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd. Regarding stocks to buy today, market experts—Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher—recommended these eight intraday stocks for today: Kingfa Science & Technology (India) Ltd., Akzo Nobel India Ltd., Tata Steel Ltd., Exide Industries Ltd., Life Insurance Corporation of India, Varun Beverages Ltd., Tribhovandas Bhimji Zaveri Ltd., and Motherson Sumi Wiring India Ltd. Kingfa Science & Technology (India) Ltd - Bagadia recommends buying KINGFA at around ₹ 3637.2, keeping Stoploss at ₹ 3515 for a target price of ₹ 3888 KINGFA, currently trading at 3637.2, registered a sharp upward movement in today's session. The stock witnessed a decisive breakout above the short-term consolidation range and posted one of the strongest daily closings in recent weeks. With fresh bullish energy, supported by strong technical structure, the stock is signaling continuation of its uptrend. KINGFA has resumed its uptrend after a healthy correction in April-May. 2. Akzo Nobel India Ltd-Bagadia recommends buying Akzo Nobel India or AKZOINDIA at around ₹ 3609, keeping stop loss at ₹ 3480 for a target price of ₹ 3850 AKZOINDIA witnessed a powerful bullish breakout in today's session. The stock surged with significant volume expansion, indicating robust buying interest and a clear shift in sentiment. The price action confirmed a breakout from the recent consolidation range, accompanied by a strong bullish pattern on the daily chart. Over the past several weeks, the stock had been consolidating just below its key exponential moving averages, creating a spring-like setup. 3. Tata Steel Ltd—Dongre recommends buying Tata Steel at around ₹ 162, keeping the stop loss at ₹ 158 for a target price of ₹ 170 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 162 and maintaining strong support at ₹ 158. The technical setup indicates the potential for a price retracement towards the ₹ 170 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 158 offers a prudent approach to capturing the anticipated upside. 4. Exide Industries Ltd—Dongre recommends buying Exide Industries, or EXIDEIND at around ₹ 386, keeping stop loss at ₹ 380 for a target price of ₹ 395. Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 386 and maintaining a strong support at ₹ 380. The technical setup indicates the potential for a price retracement towards the ₹ 385 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 380 offers a prudent approach to capturing the anticipated upside. 5. Life Insurance Corporation of India—Dongre recommends buying LIC at around ₹ 945, keeping stop loss at ₹ 932 for a target price of ₹ 965 In the latest short-term technical analysis, the stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 945 and holding above a key support level at ₹ 942. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 932 to manage downside risk. The target for this trade is set at ₹ 965, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Varun Beverages Ltd—Koothupalakkal recommends buying VARUN BEVERAGES at around ₹ 464 for a target price of ₹ 484, keeping the stop loss at ₹ 454 The stock has indicated a bullish candle formation on the daily chart with noticeable volume participation taking support near the ₹ 448 level and has improved the bias to anticipate further rise in the coming sessions. The RSI has been hovering near the oversold zone for quite some time, currently indicating a positive trend reversal to signal a buy and having much upside potential from the current rate. With the chart looking good, we suggest buying the stock for an upside target of the ₹ 484 level, keeping the stop loss at the ₹ 454 level. 7. Tribhovandas Bhimji Zaveri Ltd - Koothupalakkal recommends buying Tribhovandas Bhimji Zaveri, or TBZ, at around ₹ 198.65 for a target price of ₹ 210, keeping Stop loss: 195 The stock has witnessed a gradual improvement since the last two sessions with positive candle formations on the daily chart to move past the important 50EMA at ₹ 192 level to improve the bias, and we can expect for further gains in the coming sessions. The RSI is the rise and well positioned with strength indicated and can carry on with the positive move further ahead. With much upside potential visible and the chart technically looking good, we suggest buying the stock. 8. Motherson Sumi Wiring India Ltd.-Koothupalakkal recommends buying MOTHERSON SUMI WIRING at around ₹ 62.05 for a target price of ₹ 65, keeping the stop loss at ₹ 60.50 The stock, maintaining the strong bias with an uptrend visible on the daily chart, once again has indicated a bullish candle formation to strengthen the bias, recently taking support near the confluence of the 200-period MA and 50 EMA at the ₹ 58.70 level, and further rise is anticipated in the coming sessions. The RSI is currently well positioned, and once again, from the 50 zone, it has indicated a positive trend reversal to signal a buy and can carry on with the positive move further ahead. With the volume of participation on the rise and the chart technically looking attractive, we suggest buying the stock. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
an hour ago
- Economic Times
Rupee weakens by 46 paise to close at 85.85/$
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: The Indian currency weakened nearly half a rupee to close at 85.85 per dollar on Monday, from its previous close of 85.39/$1 as uncertainty about US tariff policies resurfaced with President Donald Trump's threat of an additional 10% levy on Brics rupee opened at 85.57/$1, and weakened till 86.03/$1 on Monday, before pairing its losses and closing at 85.85/$1, likely due to intervention by the Reserve Bank, traders said."Markets were expecting something on the trade deal with the US, but nothing came up, and the BRICS statement deteriorated sentiments. We were the second worst performing currency in Asia, and due to potential RBI intervention, we erased some losses and to be the third worst-performing Asian currency," said Dilip Parmar, currency research analyst at HDFC Yen and the Thai baht were the two worst performing Asian currencies. Traders expect the rupee to move in the range of 85.50/$1 to 86.25/$1 on Tuesday, ahead of July 9, when Trump will unveil his new stand on a social media post, President Donald Trump stated a new tariff policy, calling for countries "aligning themselves with the Anti-American policies" of the BRICS developing nations to be charged an extra 10% tariff, with no exceptions to be granted. India, along with Brazil, China, Russia, South Africa are part of dollar index gained slightly at 97.6, from 96.9 previously."The BRICS comment has put the India-US deal in jeopardy and we are awaiting clarifications from India-US on the matter. The rupee has fallen as the market is not expecting the deal to be done soon," said Anil Bhansali, head of treasury at Finrex Treasury Advisors.
