Markets closed on account of Dussehra

Indian equity, forex, money and commodity markets are shut today on account of Dussehra today and will also remain closed on Monday on account of Bakri-Eid festival, with trading to resume on Tuesday, October 7.

The Sensex fell 0.23%, or 62.52 points, to end at 26,567.99 on Wednesday. The broader Nifty lost 0.24%, or 19.25 points, to end at 7,945.55. The partially convertible rupee ended at 61.61/62 per dollar compared with Tuesday's close of 61.7450/7550.

Citing risks to the target of consumer price inflation (CPI) at 6% till January 2016, RBI kept interest rates unchanged i.e. Repo rate at 8% in the monetary policy review meeting. RBI also said that while it would keep a close vigil on the incoming economic data but at the same time target of CPI at 6% would also play a crucial role for policy decision.

Further, foreign portfolio investors (FPIs) have bought shares worth a net Rs 5102.52 crore in September 2014 (till 29 September 2014). FPIs bought shares worth a net Rs 5429.76 crore in August 2014. FPIs have bought shares worth a net Rs 83437.70 crore in this calendar year (till 29 September 2014).

GLOBAL MARKETS

The Asian markets were mixed with the Nikkei and Hand Seng down 0.4-1%. Meanwhile, Taiwan Weighed and Straits Times gained 1% and 0.1% respectively.

U.S. stocks ended flat in a volatile session on Thursday as energy stocks rebounded and investors bought beaten-down shares, especially small caps.

The S&P broke a three-day string of losses, recovering from a drop of as much as 1 percent, to close with the slimmest of gains. Earlier, it had briefly dipped below its 150-day moving average, a level it hasn't closed below since November 2012.

The Dow Jones industrial average fell 0.02%, to 16,801, the S&P 500 gained to 1,946 and the Nasdaq Composite added 0.18% to 4,430.