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Most historians agree, though, that the adoption of gold coins as a medium of exchange in medieval Europe played a key role in the development of commodity markets. Regions throughout Europe began making their own specialized gold coins and trading with merchants returning from the East Indies and Asia. These developments led to the need for centralized exchanges.
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The following is a list of opening and closing times for stock and futures exchanges worldwide. It includes a partial list of stock exchanges and the corresponding times the exchange opens and closes, along with the time zone within which the exchange is located. Markets are open Monday through Friday and closed on Saturday and Sunday in their respective local time zones.
Eventually, however, the ancient Greeks and Romans settled on gold and silver as the favored currencies for transacting business in commodities. These civilizations prized gold and silver for their luster and physical beauty. In addition, since gold and silver are rare and can be melted, shaped and measured into coins of equal size, they logically evolved into monetary assets. Ultimately, exchanging gold for goods and services became the preferred means of commerce in the ancient world and led gold to become the first widely traded commodity.
Prices of Crude Oil has an effect on our markets specially on stocks of OIL companies , Paint companies and Aviation Companies since they import majority of the crude oil. Also India imports 80% of its crude oil . This makes up 30–50% of our import bill. SO if OPEC nations such as Nigeria , Saudi , Russia or US cut their production so that crude oil barrel prices spike , it will have a negative effect on India’s stock markets.
Given the sheer variety of cryptocurrencies you can’t define all of them as securities or all of them as currencies. Instead a much better analogue for cryptocurrencies are real-world commodities, indeed Bitcoin is often referred to as “digital gold” and many cryptocurrencies are “mined” by computers. A commodity is normally free from outside control, barring regulations, and their value is determined by market factors.
Diwali is an auspicious day and stock market remains close on this day. As a Muhurat Trading Session (Mahurat Trading) BSE and NSE remain open for 60 minutes on Diwali evening. People do muhurat trades for the coming year. Its been happiness is flowing all over the stock market. People mainly do delivery trades on this day to have a good trading year ahead. As per Hindus Diwali is the festival on which they do Chopda Pujan and Muhurat Trading is done by them to give a good entry in the stock for the coming year. On Diwali Muhurat Trading Celebrities of India come to ring the bell in BSE and it becomes a tradition nowadays.