 "Markets closed on account of Ram Navami")
Indian equity, forex, money and commodity markets are closed today on account of Ram Navami. Trading will resume on Monday, April 18.
Markets were closed on Thursday on account of Baba Saheb Ambedkar Jayanti.
Meanwhile, Infosys kicked off the earnings season with better-than-expected earnings. Infosys reported 16.14 % rise year-on-year in its fourth quarter profits to Rs 3,597 crore, while revenue grew 23.4% to Rs 16,550 crore.
Infosys, the first large Indian IT services firm to post results, reported Rs 3,097 crore profits on revenue of Rs 13,411 crore in the January to March quarter last year.
The Bengaluru-based IT bellwether forecast dollar revenue to grow between 11.5% and 13.5% in constant currency and 11.8% and 13.8% in March 2016 exchange rates.
Benchmark indices registered a strong rally in a holiday-shortened week ended Wednesday after above normal monsoon forecast and encouraging macroeconomic data.
In the truncated trading week to April 13, the 30-share Sensex ended up 953 points or 3.86 per cent at 25,627 and the 50-share Nifty50 ended up 295 points or 3.9 per cent at 7,850.
GLOBAL MARKETS
Asian stocks were trading marginally lower despite China's first quarter GDP in line with estimates. China registered a growth of 6.7% in the first quarter of 2016 compared to the same period last year. Japanese shares witnessed profit taking after gains in the previous session. The Nikkei was down 0.3% while Shanghai Composite eased 0.2%. Further, Straits Times and Hang Seng were trading flat with negative bias.
US stocks ended flat on Thursday after gains in the previous two sessions post the earnings annoucements by banking majors. The Dow Jones industrial average ended up 0.1% at 17,926, S&P 500 gained 0.02% at 2,083 and the Nasdaq ended 0.03% lower at 4,946.
Markets were closed on Thursday on account of Baba Saheb Ambedkar Jayanti.
Read more from our special coverage on "MARKETS"
Meanwhile, Infosys kicked off the earnings season with better-than-expected earnings. Infosys reported 16.14 % rise year-on-year in its fourth quarter profits to Rs 3,597 crore, while revenue grew 23.4% to Rs 16,550 crore.
Infosys, the first large Indian IT services firm to post results, reported Rs 3,097 crore profits on revenue of Rs 13,411 crore in the January to March quarter last year.
The Bengaluru-based IT bellwether forecast dollar revenue to grow between 11.5% and 13.5% in constant currency and 11.8% and 13.8% in March 2016 exchange rates.
Benchmark indices registered a strong rally in a holiday-shortened week ended Wednesday after above normal monsoon forecast and encouraging macroeconomic data.
In the truncated trading week to April 13, the 30-share Sensex ended up 953 points or 3.86 per cent at 25,627 and the 50-share Nifty50 ended up 295 points or 3.9 per cent at 7,850.
GLOBAL MARKETS
Asian stocks were trading marginally lower despite China's first quarter GDP in line with estimates. China registered a growth of 6.7% in the first quarter of 2016 compared to the same period last year. Japanese shares witnessed profit taking after gains in the previous session. The Nikkei was down 0.3% while Shanghai Composite eased 0.2%. Further, Straits Times and Hang Seng were trading flat with negative bias.
US stocks ended flat on Thursday after gains in the previous two sessions post the earnings annoucements by banking majors. The Dow Jones industrial average ended up 0.1% at 17,926, S&P 500 gained 0.02% at 2,083 and the Nasdaq ended 0.03% lower at 4,946.
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