MUMBAI: India’s equity, currency and debt markets will be closed on Thursday, March 26, for a local holiday. Trading will resume on Friday, March 27.
The Nifty gained 1.72 percent to 23,306.45 while the Sensex rose 1.63 percent to 75,273.45 on Wednesday, notching second session of gains as prospects of a Middle East ceasefire pulled oil prices lower and eased growth concerns in the world’s third-biggest crude importer. The Indian rupee dropped 0.1 percent versus the US dollar to 93.9775 rupees, holding off pressure from dollar demand linked to maturing non-deliverable forwards and foreign portfolio outflows, as the central bank intervened to support the currency.
The benchmark 10-year bond was quoted at 97.27 rupees, with the yield marginally up 0.69 bps at 6.875 percent, as crude prices hovered near the USD100-per-barrel mark despite falling more than 7 percent on reports of a possible US-Iran ceasefire plan.