Indian markets remain closed on Tuesday for Eid celebrations
On Monday, the NSE Nifty dropped 1.70%, while the BSE Sensex fell 1.54%.
A trader relaxes as stock markets close. Photo: IANS
By Reuters
Updated: Tue, Sep 13, 2016
09:15 am
09:15 am
Mumbai , Reuters
Asian stocks rise after Fed official's dovish comments on rate hike
Indian markets continue to fall, Sensex tumbles over 440 pointsIndia's stock, bond, and currency markets are closed on Tuesday for Eid celebrations. Trading will resume on Wednesday.
On Monday, the NSE Nifty dropped 1.70%, while the BSE Sensex fell 1.54%.
The benchmark 10-year bond yield ended at 7.08% compared with 7.06 percent on Friday, while the rupee weakened to 66.9225 per dollar from its previous close of 66.6750.
However, Asian stocks rose early on Tuesday, boosted as Wall Street rallied overnight after Federal Reserve Board Governor Lael Brainard brought relief to risk asset markets by reducing prospects of a near-term interest rate hike.
The dollar, on the other hand, nursed losses against its peers after Brainard reiterated her dovish views.
With RBI's push Rupee Sovereign Bonds to be among Asia's best performers
Indian markets close higher; Sensex up 446 points
Equity indices open 1.5% down; Sensex tanks 440 points