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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.
