Stock market holiday on Ganesh Chaturthi today, new Parliament to host special session in Top News on September 19: JioAirFiber launch, gold price outlook

Produced by: Harshita
Designed by:  Mohsin Shaikh

Indian share market will remain closed on Tuesday. The National Stock Exchange of India (NSE) and the BSE will remain shut on September 19 because of Ganesh Chaturthi. The equity, equity derivatives, currency derivatives, interest rate derivatives as well as securities lending and borrowing (SLB) segments will be unavailable on September 19. Commodity exchange MCX will also remain closed for the morning session but it will be open for the evening session

Share market holiday
today (September 19)
in select cities

Reliance Jio will unveil its wireless internet solution named Jio AirFiber on September 19. This service is tailored for both homes and offices, offering blazing speeds of up to 1.5 Gbps, enabling seamless streaming of high-definition videos, online gaming, and lag-free video conferencing

Jio AirFiber launch
(September 19)

Banks will remain closed in Gujarat, Maharashtra, Orissa, Tamil Nadu and Goa on the occasion of Ganesh Chaturthi

Bank Holiday today
(September 19)

Indian equity market is closed today on account of Ganesh Chaturthi. "The Indian equity markets are experiencing a robust momentum, with key index heavyweights recently joining the rally. Despite intermittent corrections, the overall positive outlook for Indian markets remains, driven by economic growth, strong corporate earnings, robust expected inflows, and valuations in line with historical averages. Interim corrections should be viewed as opportunities to increase equity exposure for long-term investors," said Milind Muchhala, Executive Director - Julius Baer India

Share market outlook:
Analyst view

"Gold prices edged higher on Monday, with the spot gold price at Comex trading up by 0.15% at $1927 per ounce. We anticipate gold prices to consolidate in range before the FOMC policy outcome, and post-event volatility is likely to expand. For the week, Comex gold has first support at $1,901; a fall below that level can retest August's low of $1,884, and it has resistance at $1,935 and $1,960. The MCX Gold (October) contract is expected to move in a price range of Rs 58,600 to Rs 59,580,"said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities

Gold Price today (September 19): Analyst outlook

“Crude oil prices hovered near recent high, with benchmark NYMEX WTI crude oil trading up by 0.10% at $91.25 per barrel against the previous close. We maintain our long-term bullish view on crude oil on the back of an improved demand outlook and tight supply. Technically, WTI crude oil price is forming a higher top and higher bottom formation on the daily chart, which has short-term Fib. supports around $88 and $86.25, while resistance is at the $93.8 and $95 mark. MCX crude oil October contract is anticipated to move in the range of Rs 7,260 to Rs 7,700 this week,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities

Crude oil price outlook
today (September 19)

India's first space-based solar observatory, Aditya-L1 has embarked on a significant phase of its mission. The spacecraft underwent the Trans-Lagrangian Point 1 Insertion (TL1I) in the intervening night of Monday and Tuesday. The TL1 insertion is a send-off from Earth that was conducted on September 19 at around 2:00 am IST

Aditya L1 send-off from
Earth

More than three months after the new Parliament House was inaugurated, Members of Parliament will move into the building on Tuesday, the second day of the special session. Parliamentary Affairs Minister Pralhad Joshi informed floor leaders about the move at an all-party meeting convened by the government on the eve of the Special Session of Parliament

New Parliament to host
special session

Public sector OMCs including BPCL, IOCL and HPCL revise their petrol price and diesel price daily in line with international benchmark prices and forex rates. Petrol and diesel prices remained stable today

Petrol, diesel price today
(September 19)