Markets closed on account of Id-Ul-Fitr

Jaypee Group shares were the most active after UltraTech Cement agreed to acquire the Group's cement units

Indian equity, debt and commodity markets are closed today on account of Id-Ul-Fitr (Ramzan Id).

On Tuesday, benchmark share indices snapped their six-day winning as investors booked profits tracking weakness in global stocks while degrowth in services PMI data also dampened sentiment.

The S&P BSE Sensex ended down 112 points at 27,167 and the Nifty50 ended down 35 points at 8,336. In the broader market, the BSE Midcap and Smallcap indices ended flat with negative bias.

India's services firms growth slumped to a seven-month low of 50.3 in June 2016 compared to the previous month of May as new business grew at its slowest pace in the previous 11 months, a business survey showed on Tuesday.

The Nikkei/Markit Services Purchasing Managers' Index (PMI) cooled for the third straight month in June, having declined to 51 points in May, the weakest since November 2015.

On the political front, PM Narendra Modi strengthened his team by inducting 19 new ministers into the Council of Ministers. Environment Minister Prakash Javadekar was elevated to the Cabinet rank, while the rest were sworn in as ministers of state.

Jaypee Group shares were the most active in trade after UltraTech Cement agreed to acquire the Group's cement units for an enterprise value of Rs 16,189 crore. Jaiprakash Associates zoomed 28% while Jaiprakash Power Ventures jumped 10% and Jaypee Infratech ended 16% higher.