Markets closed on account of Dussehra

Indian equity, forex, money and commodity markets will remain closed today on account of Dussehra, also known as Vijayadashami.

On Monday, benchmark share indices snapped a three-day losing streak to end flat with positive bias led by gains in IT majors ahead of their second quarter earnings.

The S&P BSE Sensex ended up 21 points at 28,082 and the Nifty50 closed 11 points higher at 8,709. The broader market ended mixed, the BSE Midcap lost 0.2% while Smallcap index ended up 0.2%. Market breadth ended positive with 1702 gainers and 1104 losers on the BSE.

Foreign institutional investors were net sellers in equities worth Rs 547 crore on Monday, according to provisional stock exchange data.

On the economy front, India's industrial production declined for a second straight month in August, amid a sharp contraction in manufacturing and mining sectors. The Index of Industrial Production (IIP) fell by 0.7 per cent in August, compared a decline of
2.5 per cent in July, according to data from the Central Statistics Office.

Further, Indian financial markets will remain closed for trading on Wednesday, October 12 on account of Moharram.

Global Markets

Asian markets edged higher on Tuesday tracking gain in global crude oil prices and overnight gains on Wall Street. Japan's Nikkei was the top gainer in the region up over 1% while Hang Seng and Shanghai Composite were up 0.3% each.

US markets ended higher on Monday led by energy shares tracking a rally in global crude oil prices. Furthwe, Oil prices firmed up after Russia said it would join other oil exporting nations to cut production. The Dow Jones industrial average gained 0.5% to close at 18,329, the S&P 500 closed 0.5% higher at 2,164 and the Nasdaq settled 0.7% higher at 5,329.