Markets closed on account of Ram Navami

Indian equity, forex, money and commodity markets will remain closed today on the occasion of Ram Navami.

On Monday, the benchmark indices ended at their record closing highs riding on the robust March factory activity data and hopes of a timely roll-out of Goods and Services Tax (GST) data by July 01. 

The S&P BSE Sensex rallied 290 points to end at record closing high of 29,910 surpassing its previous closing high of 29681.77 hit on Jan 29, 2015 while the broader Nifty50 index also logged its fresh closing high of 9,238, up 64 points. The 50-share index gained as much as 71 points to 9,245 in intra-day trade yesterday, its highest level ever. 

GLOBAL MARKETS

Asian share markets were down in skittish early trade on Tuesday as investors held their breath ahead of a potentially tense meeting between US President Donald Trump and his Chinese counterpart Xi Jinping later this week.

The dollar inched lower as investors sold stocks in Europe and on Wall Street overnight to seek shelter in safe havens as political uncertainty overshadowed positive U.S. economic data and solid growth in global manufacturing.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2% in early trade.

Japan's Nikkei was down 0.4% as investors sought out the safe-haven yen.

China, Hong Kong, and Taiwan markets are also closed for holidays.

Overnight, US stock indexes closed in the red after Trump held out the possibility of using trade as a lever to secure Chinese cooperation against North Korea in an interview with the Financial Times on Sunday.

(With inputs from Reuters)