Indian stock exchanges are closed on Monday on the occasion of Pran Pratistha of Ram Temple in Ayodhya, with normal trading activities to resume on Tuesday.
The next financial market holiday is on January 26 for Republic Day celebrations. Over the past week, the benchmark indices - Sensex and Nifty - cumulatively declined a little over 2 per cent.
Meanwhile, the Pran Pratishtha ceremony of Lord Ram in the newly built Shri Ram Janmbhoomi Mandir in Ayodhya will be held at around noon.
Representatives of the country’s major spiritual and religious sects will attend the ceremony. People from all walks of life, including representatives of various tribal communities, will also attend the ceremony.
Prime Minister Narendra Modi will address this gathering on occasion.
Prime Minister will interact with workers associated with the construction of Shri Ram Janmbhoomi Mandir. The Prime Minister will also visit the Kuber Tila, where the ancient Mandir of Bhagwan Shiv has been restored. He will also perform Pooja and Darshan at this restored temple. The Shri Ram Janmbhoomi Mandir is constructed in traditional Nagara style. Its length (east-west) is 380 feet, width is 250 feet, and height is 161 feet, and it is supported by a total of 392 pillars and 44 doors.
The pillars and walls of the temple showcase intricately sculpted depictions of Hindu deities, gods, and goddesses. In the main sanctum sanctorum on the ground floor, the childhood form of Bhagwan Shri Ram (the idol of Shri Ramlalla) has been placed.