 "Markets closed on account of Mahatma Gandhi Jayanti")
Indian equity, forex, money and commodity markets are shut today on account of Mahatma Gandhi Jayanti, the birth anniversary of the leader of India's fight for independence from British rule.
Markets will be closed from Friday to Sunday, with trading to resume on Monday, i.e., October 5.
On Thursday, the Sensex closed higher by 66.12 points at 26220.95 and the Nifty gained 2 points at 7,950.90. Also, the broader markers performed in line with the benchmark indices- BSE Midcap and Smallcap indices were up almost 0.2% each.
On the currency front, the rupee gained 7 paise to close at 65.51 against the US dollar on sustained selling of the American currency by banks and exporters on hopes of more foreign capital inflows into the equity market.
Further, foreign portfolio investors (FPIs) bought shares worth Rs 116.08 crore on Wednesday, according to the provisional figures issued by stock exchanges.
GLOBAL MARKET
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Asian stocks rose on Friday although the outlook remained grim as investors continued dumping emerging market assets as their hopes on growth recovery waned. Hong Kong's shares led gainer markets with the index rising 2.1% in opening trades while Japan's Nikkei Average fell 0.1%. However, China's markets will be closed until Oct. 8 for the national golden week holidays.
US equities closed the first day of October and the fourth quarter on a mixed note as worries regarding global growth and its impact on US economic health kept the investors at their toes. Dow Jones Industrial Average slipped 0.08% while Nasdaq Composite index gained 0.15%.