Dayadra Mandal,Kolkata;
Due to the fourth phase of Lok Sabha elections, the turnover of the stock market and commodity futures market remained closed due to the voting on Monday in Mumbai's financial capital Mumbai. Actually, this decision has been taken because of voting in Mumbai West, Mumbai North West, Mumbai North East, Mumbai North Central, Mumbai South Central and Mumbai South under the fourth phase of voting.
Apart from this, the Indian stock market will also be closed on Wednesday. In fact, on Wednesday, there will be no business in the stock market on Maharashtra Day. This way, there will be only three business days in a week. Let us know that the Indian market is closed on Saturdays and Sundays. Let's say that on Friday the Sensex climbed 336 points to close at 39,067 points. On the Nifty, the index climbed 113 points, or 0.97 per cent, to close at 11,755. Last week, the Sensex slipped 72 points, or 0.18 percent, to 39,067.33.
In the three-day business, the move of the stock market will be decided by the quarter results of companies except for crude oil and rupee fluctuations. Mustafa Nadeem, Chief Executive Officer of Epic Research, said, "Investors' eyes will be on crude oil this week as India remains one of the largest importers of crude oil. There will be eye sight on the move. There may be some adverse effects on the positive sentiment of the past few weeks. ''
Quarterly results of major companies such as Kotak Mahindra Bank, Tata Power, Hindustan Unilever and Federal Bank are going to be released this week. Apart from this, the infrastructure sector data, including PMI of manufacturing, will also be noticed by the investors and quarter results of the companies are being released.
Meanwhile, L & T Finance Holdings has announced the results of fourth quarter of fiscal year 2018-19. The company's net profit has more than doubled to Rs 552.12 crore. The company had a net profit of Rs 270 crore in the same quarter of 2017-18. The company's total income increased from Rs 2,762.71 crore to Rs 3,383.92 crore. During this period, the total expenditure of the company increased from Rs 2,396.53 crore to Rs 2,634.56 crore.
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