Markets closed on account of Baba Saheb Ambedkar Jayanti

Indian equity, forex, money and commodity markets are shut today on account of Baba Saheb Ambedkar Jayanti today and will also remain closed tomorrow on account of Ram Navami , with trading to resume on Monday, April 18.

On Wednesday, good monsoon prospects and favourable macroeconomic data catapulted Nifty to settle comfortably at 7,850 levels. Strength among the global peers amid rally in commodity and crude oil prices on reports of an Russia-Saudi Arabia agreement to freeze output, further buoyed sentiment.

The S&P BSE Sensex surged 481 points to close at 25,627 and Nifty50 soared 142 points to end at 7,850.

GLOBAL MARKETS

Asian stocks rose to their highest levels in more than four months on Thursday and regional currencies weakened led by the Singapore dollar as hopes grew that more central banks will join the city state in easing monetary policy in the comiing months.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, reaching its highest level since Dec. 2. The index has risen 4.7 percent since Friday, breaking above several resistance levels to signal further gains.

Singapore's central bank on Thursday surprised markets by setting the rate of appreciation of the Singapore dollar policy band at zero percent after data previously showed economic growth stalled in the first quarter.

Overnight, U.S. S&P 500 Index gained 1 percent to a four-month high after JPMorgan Chase's first quarter earnings fell less than expected, helping to lift the S&P 500 financial sector 2.2 percent.

With Reuters input