Stock markets to remain closed today for Ram Navami
The Hindu
Indian share market closed for holiday, Nifty and Sensex fall, rupee weakens, bond yield rises amid global tensions.
India's currency, debt and equity markets will be closed on Wednesday, April 17, for Ram Navami. Trading will resume on Thursday, April 18.
The blue-chip NSE Nifty 50 fell 0.56% to 22,147.90 while the S&P BSE Sensex shed 0.62% to 72,943.68, extending losses to a third straight session as receding bets of early U.S. rate cuts and worries over the conflict in the Middle East weighed.
The Indian rupee weakened 0.10% versus the U.S. dollar to a record closing low of 83.5350, weighed down by a selloff in risky assets.
The benchmark 10-year bond was quoted at 99.95 rupees, with the yield up 1 bps at 7.1860%, amid heightened tensions in the Middle East and worries over the U.S. interest rate outlook.
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