As the selling pressure continues for the last two consecutive days following the Union Budget announcement, the Indian stock market is expected to follow the global trend as the S&P 500 and Nasdaq hit multi-week lows.
The decision to close the markets was taken to ensure that citizens, including those working in the financial sector, can participate in the electoral process. Trading will resume on Tuesday. The next holiday is scheduled for June 17 for Bakrid.
Serving the notice under Rule 267, Sanjay Singh mentioned that a case of manipulation of shares, financial irregularities, and fraud on a large scale by the 'Adani Group' has come to the fore.