The Indian equity markets are temporarily closed on September 14, 2026, in observance of Ganesh Chaturthi. No trading or settlements will occur across the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), affecting all segments including equity, derivatives, and securities lending and borrowing (SLB).

Trading activities on both exchanges are set to recommence on September 15, 2026. This annual pause in operations is part of the broader cultural practices observed in various sectors, reflecting the significance of the festival in India.

Asian Equity Markets Experience Decline

On the same day, Asian stock markets demonstrated notable declines, largely attributed to escalating geopolitical tensions in West Asia. Concerns over the potential disruptions to global energy supplies have significantly impacted investor sentiment across the region.

Japan’s Nikkei 225 index fell by 0.59 per cent, while the wider Topix decreased by 0.15 per cent. South Korea’s Kospi started the day with a significant drop of 3.45 per cent, followed by the Kosdaq, which fell by 2.30 per cent. In Australia, the S&P/ASX 200 index remained mostly unchanged.

Markets in mainland China also faced downturns. The Hang Seng Index in Hong Kong dropped by 0.33 per cent, and China’s CSI 300 declined by 0.66 per cent. Technology and basic materials sectors were notably weak in Hong Kong, with declines of 0.82 per cent and 0.80 per cent, respectively.

Rising Oil Prices Highlight Global Concerns

The downturn in Asian markets coincided with concerns regarding energy supplies, particularly following Saudi Arabia’s shutdown of its East-West pipeline. This pipeline is crucial for oil transport, providing an alternative route that circumvents the Strait of Hormuz, a vital passage for global oil shipments.

Amid ongoing tensions in the Gulf region, oil prices experienced a considerable increase. Brent crude futures rose by 2.6 per cent to reach $107.36 per barrel, following an increase of nearly 9 per cent in the previous week. The West Texas Intermediate (WTI) crude also saw a rise of 2.4 per cent, trading at $102.48 per barrel at reporting time.

As of the latest updates, Brent crude is trading approximately at $107.86 per barrel, while WTI is quoted around $103.18 per barrel. The rise in oil prices is indicative of the broader implications the geopolitical climate has on the global market.

In parallel, gold prices experienced a slight decline of 0.3 per cent, now trading at $4,336 per ounce. This decrease is attributed to higher bond yields, which diminish the attractiveness of gold as a non-interest-bearing asset.

At the time of reporting, gold is valued at approximately $4,331.20 an ounce. The fluctuations in both oil and gold markets underscore the interconnectedness of global financial conditions and geopolitical stability.

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