Indian Markets Closed For Festive Holidays

Indian stock markets remain closed today on the auspicious occasion of Diwali Laxmi Puja, but special Muhurat trading will be held between 5:30 pm and 6:30 pm later today.

The pre-opening session would start from 5:15 pm and all trades executed in this special trading session would result in settlement obligations.

The Bombay Stock Exchange and National Stock Exchange will remain closed on Thursday for Diwali Balipratipada.

Benchmark indexes Sensex and the Nifty ended marginally higher on Tuesday, the last of Samvat 2074, as traders chose to tread cautiously ahead of festival holidays. The rupee closed higher by 12 paise at 73 per dollar.

During Samvat 2074, the Sensex rose 7 percent, led by information technology stocks.

Asian stock markets fell this morning, the dollar weakened and U.S. stock futures declined as early results of the U.S. mid-term elections started to trickle in.

The British pound hit a three-week high on hopes of a Brexit deal breakthrough while oil extended losses from the previous session.

Overnight, U.S. stocks fluctuated before closing higher as investors awaited the outcome of midterm elections and looked ahead to the Federal Reserve’s monetary policy announcement.

The Dow row 0.7 percent, while the S&P 500 and the Nasdaq Composite index gained around 0.6 percent.

European markets ended Tuesday’s session lower. The pan-European Stoxx Europe 600 index eased 0.3 percent.

The German DAX slipped 0.1 percent, France’s CAC 40 index dropped half a percent and the U.K.’s FTSE 100 declined 0.9 percent.

Crude oil prices drifted lower on Tuesday to extend their slide to a seventh successive session on concerns about demand for oil as hopes of a U.S.-China trade deal fade. Crude oil futures for December ended down $0.89 or 1.4 percent at $62.21 a barrel.

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