MUMBAI: India’s equity, currency and debt markets will be closed on Monday, January 26, for a local holiday. Trading will resume on Tuesday, January 27.
The Nifty 50 fell 0.95 percent to 25,048.65 on Friday and the Sensex dropped 0.94 percent to 81,537.70. They both lost about 2.5 percent in the week, as sustained foreign outflows and a mixed earnings season outweighed relief from easing geopolitical tensions linked to Greenland.
The Indian rupee dropped 0.34 percent versus the US dollar to 91.94, weighed by sustained foreign outflows and hedging by importers.
The benchmark 10-year bond was quoted at 98.6925 rupees, with the yield up nearly 3 bps at 6.6635 percent, as traders feared the market may struggle to absorb state debt supply next week.
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