Weekend Curbs On Up Markets

The Uttar Pradesh government on Tuesday revoked its order of mandatory closure of markets on Sunday, reverting to the pre-coronavirus lockdown arrangement.

All urban and rural haats, markets, galla mandis and business establishments in Uttar Pradesh would remain closed during the weekend, and on other weekdays, they will function from 9 am to 9 pm, an official said on Tuesday.

Indian stock markets opened higher on Monday but gains were capped on the back of sluggish track in Asian stocks. Demand for riskier assets was curbed by caution after a mixed bag of data from China over the weekend painted a patchy economic recovery in the world's second-largest economy and top consumer for many commodities.

The Uttar Pradesh government on Tuesday revoked its order of mandatory closure of markets on Sunday, reverting to the pre-coronavirus lockdown arrangement.

All urban and rural haats, markets, galla mandis and business establishments in Uttar Pradesh would remain closed during the weekend, and on other weekdays, they will function from 9 am to 9 pm, an official said on Tuesday.

Indian stock markets opened higher on Monday but gains were capped on the back of sluggish track in Asian stocks. Demand for riskier assets was curbed by caution after a mixed bag of data from China over the weekend painted a patchy economic recovery in the world's second-largest economy and top consumer for many commodities.