Indian Markets Closed For Mahavir Jayanti

Indian financial markets remain closed today on account of Mahavir Jayanti.

On Tuesday, benchmark indexes Sensex and the Nifty jumped around 1 percent to hit fresh record highs after the India Meteorological Department (IMD) forecast near normal south-west monsoon this season, with a well-distributed rainfall.

The rupee, however, fell by another 18 paise to close at 69.60 against the dollar, marking its third straight session of decline.

After market hours, Wipro posted Q4 results in line with expectations but gave a disappointing outlook.

Asian stocks are trading mixed this morning despite better-than-expected GDP data from China.

Gold held near four-month low after falling nearly 1 percent in the previous session and the dollar dipped, while oil prices rose on concerns over tightening global supply due to U.S. sanctions and fighting in Libya.

U.S. stocks fluctuated before finishing modestly higher overnight following a string of mostly positive earnings and mixed economic data.

The Dow and the tech-heavy Nasdaq Composite rose around 0.3 percent to end at their best closing levels in over six months while the S&P 500 inched up marginally.

European markets ended Tuesday’s session higher, with sentiment supported by fairly encouraging results from top U.S. companies and upbeat German investor confidence and U.K. employment data.

The pan European Stoxx 600 gained 0.3 percent. The German DAX climbed 0.7 percent, while France’s CAC 40 index and the U.K.’s FTSE 100 both rose around 0.4 percent.

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