Markets closed today: BSE Sensex, NSE Nifty, others closed due to Ambedkar Jayanti
Indian equity, money and commodity markets will remain closed on Tuesday on account of Dr. Bhimrao Ambedkar Jayanti. The markets will reopen on Wednesday on usual timings. On Monday, the benchmarks Sensex and Nifty ended the day in the red with BSE Sensex closing down by over 469 points while Nifty falling by 118 points
Indian equity, money and commodity markets will remain closed on Tuesday on account of Dr. Bhimrao Ambedkar Jayanti. The markets will reopen on Wednesday on usual timings. On Monday, the benchmarks Sensex and Nifty ended the day in the red with BSE Sensex closing down by over 469 points or 1.51 per cent at 30,690.02 while the broader Market Nifty ended the day at 8,993.85 seeing a fall of 118 points or 1.30 per cent.
The top performers on Sensex were BEML, NCC, Finolex Industries, ITI Limited and Glenmark Pharmaceuticals while Bajaj Finance, Himadri Speciality Chemical, Torrent Pharmaceuticals and Phoenix Mills were the top losers.
Meanwhile, top performers on Nifty in Monday's trade were Larsen & Toubro, Hindalco Industries, Bharti Airtel, Adani Ports and Special Economic Zone and Dr.Reddy's Laboratories. Top losers on Nifty were Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra and Titan Company.
The 10-year benchmark bond yield closed at 6.4954%, while the rupee settled at 76.2290 to the dollar.
Among the global bourses, Wall Street indexes ended mixed on Monday with the Dow and S&P 500 falling while a 6.2% gain in Amazon shares helped the Nasdaq end higher.
Though European shares extended gains,its Asian peers failed to replicate the performance despite a landmark agreement by OPEC and its allies to slash output. The global lockdown tied to the coronavirus pandemic continues to weigh on the global economy.
The agreement showed minimal impact on oil prices as a result of the deal, Reuters reported as oil producers need to restore market balance due to subdued oil demand sending stockpiles soaring. After several days of discussions, oil producing and consuming countries aim to remove nearly 20 million barrels per day (bpd) or 20% of global supply from the market, Saudi Arabia`s Energy Minister Prince Abdulaziz bin Salman said on Monday.
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All eyes will be on China`s trade data, to be released on Tuesday, which is expected to show exports tumbling 14% in March from a year ago, as the coronavirus shutters businesses around the world, crippling demand and economic growth, Reuters reported.
Inputs from Reuters
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