 "Markets closed on account of Christmas")
Indian equity, forex, money and commodity markets will remain closed today on account of Christmas.
On Wednesday, the markets ended on a weak note on December F&O expiry, as foreign investors hit the ‘sell’ button ahead of year-end holidays. Foreign institutional investors were net sellers by Rs 2,808.3 crore
Jayant Manglik, president (retail distribution), Religare Securities Ltd, said the Nifty would consolidate in a broad range of 8,050-8,450. In an emailed statement, he added investors could use declines to add to quality stocks.
Month-end dollar demand from oil companies and persisting selling by foreign funds in stocks dragged the rupee down by 23 paise to 63.51 at close against the US currency on Wednesdsay.
Among Asian markets, Japan's Nikkei share average slipped on Thursday in holiday-thinned trade as investors took profits after five straight sessions of gains.
Airlines were the biggest losers in the Tokyo Stock Exchange's 33 industry subindexes as Japan Airlines fell 3.2% on a media report that the government is
considering scrapping a special tax break for companies that received the government's support to recover from bankruptcy.
The Nikkei average dropped 0.3% to 17,795.07, after having risen 6.6 percent in the previous five sessions on hopes of solid U.S. growth next year.
US stocks were set for a modestly higher open on Wednesday on the heels of a five-day winning streak that pushed the Dow and S&P 500 to new closing records and on the latest piece of economic data indicating the economy is strengthening.
Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 280,000, its fourth straight week of declines, and below the forecast of 290,000.
The Dow closed above 18,000 for the first time ever on Tuesday and the S&P 500 ended at its 51st record of the year after an unexpectedly strong report on US economic growth.
The 51 new closing highs are the most since 1995 and fourth best in history. Equity markets will operate on a shortened trading schedule Wednesday, closing at 1 pm EST (1800 GMT) ahead of the Christmas Day holiday on Thursday.
On Wednesday, the markets ended on a weak note on December F&O expiry, as foreign investors hit the ‘sell’ button ahead of year-end holidays. Foreign institutional investors were net sellers by Rs 2,808.3 crore
Jayant Manglik, president (retail distribution), Religare Securities Ltd, said the Nifty would consolidate in a broad range of 8,050-8,450. In an emailed statement, he added investors could use declines to add to quality stocks.
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Meanwhile, the central government on Wednesday approved 100% foreign direct investment (FDI) in medical devices via the automatic route. The move came as a relief to the Indian health care sector, because at the moment, India imports about 70% of its requirement for medical devices.
Month-end dollar demand from oil companies and persisting selling by foreign funds in stocks dragged the rupee down by 23 paise to 63.51 at close against the US currency on Wednesdsay.
Among Asian markets, Japan's Nikkei share average slipped on Thursday in holiday-thinned trade as investors took profits after five straight sessions of gains.
Airlines were the biggest losers in the Tokyo Stock Exchange's 33 industry subindexes as Japan Airlines fell 3.2% on a media report that the government is
considering scrapping a special tax break for companies that received the government's support to recover from bankruptcy.
The Nikkei average dropped 0.3% to 17,795.07, after having risen 6.6 percent in the previous five sessions on hopes of solid U.S. growth next year.
US stocks were set for a modestly higher open on Wednesday on the heels of a five-day winning streak that pushed the Dow and S&P 500 to new closing records and on the latest piece of economic data indicating the economy is strengthening.
Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 280,000, its fourth straight week of declines, and below the forecast of 290,000.
The Dow closed above 18,000 for the first time ever on Tuesday and the S&P 500 ended at its 51st record of the year after an unexpectedly strong report on US economic growth.
The 51 new closing highs are the most since 1995 and fourth best in history. Equity markets will operate on a shortened trading schedule Wednesday, closing at 1 pm EST (1800 GMT) ahead of the Christmas Day holiday on Thursday.