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Markets closed on account of Eid-ul-Azha

Indian equity, debt and commodity markets closed for trade

SI Reporter Mumbai
Last Updated : Oct 06 2014 | 10:21 AM IST
Indian equity, debt and commodity markets are closed today on account of Eid.

For the week, the market trend will be dictated by second quarter (July-September) earnings with Infosys scheduled to announce its earnings on October 10. For India's leading companies, earnings growth is expected to remain stable in the July-September quarter of the current financial year.

In Asia, Japanese stocks bounced strongly on Monday and the U.S. dollar held near four-year highs against a basket of currencies, spurred by U.S. jobs data after a week of worries about global growth and geopolitical tensions frayed investor nerves.

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Tokyo's Nikkei jumped 1.3% while Hong Kong shares rose 0.3%, extending their recovery from falls last week when concerns about civil unrest in the Chinese-controlled city had spooked investors. There has been some signs of the protests fizzling out.

MSCI's dollar-denominated index of Asia-Pacific shares outside Japan was down 0.1%, as the boost from positive U.S. data was offset by weaker Asian currencies and falls in Australian mining shares.

Stocks on Wall Street jumped more than 1.0% on Friday, with the S&P 500 posting its best day in almost two months to end at $1,967.90.

The US dollar was another clear winner, as the data highlighted the relative strength of the U.S. economy as many other major economies remain sluggish.

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First Published: Oct 06 2014 | 9:12 AM IST

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