Sensex stays shut on occasion of Muharram

Domestic stock markets are closed on Thursday on account of Muharram. However, Asian stocks, which are open today, rose in early trade, following the second day of gains on global share markets amid easing investor concern over the impact from the US-China trade war.

Globally, oil prices rose for a third day on Thursday amid another draw-down in US inventories and strong US gasoline demand, while signs OPEC (Organization of the Petroleum Exporting Countries) may not raise output to address shrinking supplies from Iran also supported prices.

Meanwhile, on Wednesday, domestic equity indices ended on a lower note. The S&P BSE Sensex settled at 37,121.22, down 169.45 points or 0.45 percent and the Nifty50 index of the National Stock Exchange (NSE) ended at 11,234.35, with a loss of 44.55 points or 0.39 percent.

Source: PTI