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MUMBAI: India’s currency, debt and equity markets will be closed on Thursday, March 30, for Ram Navami.The markets will resume trading on Friday, March 31.
The Nifty 50 index settled 0.76% higher at 17,080.70 on Wednesday, while the S&P BSE Sensex rose 0.60% to 57,960.09. Easing worries about the global banking turmoil whet risk appetite, leading to a broad-based gain among all sectors, while a rebound in Adani group stocks also helped sentiment.
The rupee weakened 0.18% to quote at 82.3375 per US dollar, with its Asian peers mixed amid a rebound in Treasury yields that supported the dollar index.
The benchmark 10-year bond was quoted at 99.79 rupees, with its yield down 3 bps at a two-month low of 7.2897% as mutual funds stepped up bond purchases ahead of a taxation change from next week.
The Nifty 50 index settled 0.76% higher at 17,080.70 on Wednesday, while the S&P BSE Sensex rose 0.60% to 57,960.09. Easing worries about the global banking turmoil whet risk appetite, leading to a broad-based gain among all sectors, while a rebound in Adani group stocks also helped sentiment.
The rupee weakened 0.18% to quote at 82.3375 per US dollar, with its Asian peers mixed amid a rebound in Treasury yields that supported the dollar index.
The benchmark 10-year bond was quoted at 99.79 rupees, with its yield down 3 bps at a two-month low of 7.2897% as mutual funds stepped up bond purchases ahead of a taxation change from next week.
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