India, Aug. 27 -- Stock markets remained shut on Wednesday, August 27, on the occasion of Ganesh Chaturthi which is a state holiday in Maharashtra where the both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are headquartered.

The trading session on Tuesday ended with Nifty 50 at the NSE dropping 255.70 points, or 1.02 per cent, to 24,712.05, while the BSE Sensex was down 849.37 points, or 1.04 per cent, to 80,786.54, according to figures in a news agency ANI report.

Banks also remained shut in some parts of India on Wednesday, August 27, to mark the first day Ganesh Chaturthi, according to the region-wise holiday calendar of the Reserve Bank of India (RBI).

Tuesday's stock market slump was attributed to widespr...