One of the notable celebrations includes the Rath Yatra -- a spectacular procession through the streets with Lord Mahavir's idol on a chariot, with followers accompanying it while chanting hymns and performing prayers.
A butcher in Thane district, Maharashtra, has been booked for allegedly violating the meat sale ban imposed on Mahavir Jayanti. The accused allegedly kept his shop open and sold meat despite the prohibitory order.
The three principles he taught in particular -- Ahimsa, Anekantavada and Aparigraha -- are as alive and necessary today as they were then. Perhaps more so.
Analysts predict that the ongoing conflict in West Asia, crude oil prices, and global trends will significantly influence the Indian stock market in the upcoming holiday-shortened week. Foreign investor activity and rupee movement will also be crucial.
Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.
Prime Minister Narendra Modi is set to inaugurate a semiconductor plant in Sanand, Gujarat, and launch multiple development projects worth over Rs 20,000 crore, marking a significant boost to India's semiconductor industry and infrastructure.
The Indian rupee experienced a significant surge against the US dollar following the Reserve Bank of India's measures to restrict banks from onshore forward markets. Despite this, the rupee remains under pressure from foreign capital outflows, a strong dollar, and rising crude oil prices.
Glimpses from the Great Election Carnival on Sunday, April 21, 2024
In an eventful week ahead, stock markets may face volatile trends before the RBI's interest rate decision and the US inflation data announcements, as investors continue to assess the broader implications of US tariffs on global economy and inflation, analysts said. Investors fear that a full-blown trade war will impact global trade and economic growth, according to market experts.
Domestic benchmark equity indices may see a positive trading sentiment on Friday thanks to a spectacular rally in world markets after the US President Donald Trump announced to put tariff hikes on hold for 90 days, excluding China from the reprieve. Indian stock markets were closed on Thursday for Shri Mahavir Jayanti. Trump has declared a three-month pause on reciprocal tariffs on non-retaliating countries marking a rather unexpected U-turn after record high levies he imposed led to global stock market meltdown.
Barring bullion, all other commodity markets as well as forex and money markets, the Bombay Stock Exchange and the National Stock Exchange remain closed on Tuesday on account of Mahavir Jayanti.
Of the top 10 valued firms, eight including Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Ltd, HDFC and ITC witnessed gains in their market valuation. From the top-10 pack, the valuation of HDFC Bank jumped Rs 31,553.45 crore to Rs 929,752.54 crore.
The government has announced 17 holidays for the central government staff for the year 2011, although three of these holiday -- Mahavir Jayanti (April 16), Mahatma Gandhi's birthday (October 2) and Christmas (December 25) -- fall on a Saturday or Sunday, thus leaving 14 effective holidays.
Industrial production and inflation data, quarterly earnings from IT majors and global trends would drive the equity markets in a holiday-shortened week, analysts said. Moreover, foreign fund trading activity, movement of the rupee and global crude oil prices would also dictate terms in the market, they added. Equity markets would remain closed on Friday for 'Dr Baba Saheb Ambedkar Jayanti'.
Investors' wealth tumbled over Rs 2.58 lakh crore on Monday as equity markets suffered a heavy sell-off, with the Sensex plunging 2 per cent. The BSE benchmark tanked 1,172.19 points or 2.01 per cent to settle at 57,166.74 after a weak opening. During the day, it plummeted 1,496.54 points or 2.56 per cent to 56,842.39. Tracking the weak trend in equities, the market capitalisation of BSE-listed firms tumbled by Rs 2,58,855.59 crore to stand at Rs 2,69,44,207.98 crore.
RBI's interest rate decision, macroeconomic data and global trends would dictate terms in the equity market in a holiday-shortened week, analysts said. Besides, the focus will also be on foreign portfolio investors' trading activity, they added. Equity markets will remain closed on Tuesday for 'Mahavir Jayanti' and on Friday on account of 'Good Friday'.
The market capitalisation of Reliance Industries plummeted by Rs 43,491.37 crore to reach Rs 17,26,714.05 crore.
From the 30-share pack, Infosys, Tech Mahindra, TCS, HDFC, HDFC Bank, Wipro and HCL Technologies were among the major laggards in early trade. Nifty tumbled 314.95 points to 17,160.70.
Government is not able to decide on liquor ban as Eid-e-Milad is falling on the eve of Christmas.
The NSE 50-share Nifty also spurted by 98.10 points, or 0.97 per cent, to end at 10,211.80
Top losers in the Sensex pack included Yes Bank, Vedanta, IndusInd Bank, Tata Steel, L&T, SBI, NTPC, Kotak Bank, HDFC, HDFC Bank, PowerGrid, Infosys and ITC, falling up to 4.18 per cent.
Equity indices gave up early gains to close in the red for the third session on the trot on Wednesday, weighed by selling in banking and finance counters amid inflationary pressures and persistent foreign fund outflows. A weak rupee and lacklustre global cues also kept buying sentiment in check, traders said. The 30-share BSE Sensex opened on a firm footing but failed to hold on the momentum, finishing 237.44 points or 0.41 per cent lower at 58,338.93. On similar lines, the broader NSE Nifty dipped 54.65 points or 0.31 per cent to close at 17,475.65.
March 28 is a holiday on account of Ram Navami.
Increased demand for the dollar from importers affected the value of the rupee
'The images of mass cremations and crowds of people at hospital doors brought me to tears.' 'I started this initiative because at the end of the day India is my home.'
'India is a multifaceted place that resides in one country.' 'I always say that there are 1.3 billion Indias and everyone takes their own form and shape of the country.' A fascinating glimpse from Barkat: The Inspiration And Story Behind One Of The World's Largest Food Drives, Feed India.
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
The Sensex ended up 244 points at 28,504 on strong global cues.
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
India's largest cow hospital provides care for 1,600 cows, bulls, oxen, that are sick, diseased, injured or deformed. With wards for cows with breast cancer, cows that have lost their legs in road accidents, cows that have been operated upon to remove plastic from their bellies, the hospice is a tourist attraction.
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