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The stock market will be closed on Monday on the occasion of Guru Nanak Jayanti. On the other hand, banks will remain closed across the country except in Ahmedabad, Bengaluru, Chennai, Gangtok, Guwahati, Hyderabad, Imphal, Kochi, Panaji, Patna, Trivandrum and Shillong. Because of this, schools, colleges and government offices will also be busy when the trading session starts in the stock market from Tuesday.
How the stock market will perform: Apart from this, investors will also monitor the business activities of foreign investors and the position of the rupee against the dollar. On the domestic macroeconomic front, GDP data for the July-September quarter will be released on Thursday. The PMI figures will be released on Friday. Apart from this, automobile companies will be in the headlines amid the announcement of monthly sales figures.
Bank Holiday List December 2023: Banks will be closed for 18 days in December due to strikes and holidays.
According to market analysts, global trends are relatively weak. Investors will closely monitor movements in crude oil prices, US bonds and the dollar index. There are some important developments, which may affect the flow of Foreign Portfolio Investors (FPIs) into India.
(with agency input)