MUMBAI: India’s equity, currency and debt markets will be closed on Friday, April 3, for Good Friday. Trading will resume on Monday, April 6.
The stock benchmarks BSE Sensex rose 0.25 percent to 73,319.55, and NSE Nifty 50 index closed 0.15 percent higher at 22,713.1 on Thursday, supported by a surge in the rupee after the central bank curbed speculative forex trading, though diminished hopes for a swift resolution to the Iran war extended the market’s losing streak to a sixth consecutive week. The Indian rupee rose 1.8 percent versus the US dollar to 93.10, after the central bank tightened the screws on speculative bets against the currency.
The benchmark 10-year bond yield rose 10 bps to 7.1329 percent, as US President Donald Trump’s threat of more aggressive strikes on Iran drove oil back above USD100 a barrel, clouding India’s macroeconomic outlook before an interest rate decision next week.
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