MUMBAI: India’s equity, currency and debt markets will remain shut on Wednesday, November 5, for a local holiday. Trading will resume on Thursday, November 6.
The Nifty 50 fell 0.64 percent to 25,597.65 while the Sensex dropped 0.62 percent to 83,459.15, as broad-based profit booking outweighed earnings-driven gains in Bharti Airtel and Titan Company.
The Indian rupee INR=IN rose 0.14 percent versus the US dollar to 88.6550, hoisted by likely market intervention by the Reserve Bank of India even as routine dollar bids from importers and foreign banks kept a lid on the currency’s gains.
The benchmark 10-year bond was quoted at 98.615 rupees, with the yield marginally down at 6.5279 percent, on short-covering tied to suspected central bank buying, but gains were capped as demand-supply concerns tempered sentiment ahead of Friday’s new 10-year issuance.
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