India, Aug. 26 -- India's stock markets will remain closed on the day 50% US tariffs take effect. That should come as a breather for equities after the large-scale today.

The Bombay Stock Exchange as well as the National Stock Exchange are shut for trading due to Ganesh Chaturthi being celebrated in Mumbai-the financial capital of India, according to the list of stock market holidays on the BSE website.

Trading in the equity segment, equity derivatives segment, and the SLB segment will be closed for trading on Wednesday, as are the currency derivatives segments, NDS-RST and Tri-Party repo segment. The commodity derivatives and electronic gold receipts segments will remain closed from 9:00 am to 5:00 pm but resume thereafter.

According ...