India Markets closed

Bombay Stock Exchange, National Stock Exchange, currency markets closed for trade today on account of Mahashivratri

FP Staff
Capital market can also be divided in terms of the instruments being traded: Stock market or Bond market.

Mumbai: The Bombay Stock Exchange and National Stock Exchange (NSE) are closed today (4 March, 2019) on account of 'Mahashivratri'.

Similarly, all wholesale commodity markets, including metal and bullion, as well as the forex and commodity futures markets are closed for trading today.

On Friday, market benchmark Sensex rose over 196 points to end at 36,064 and also posted its second straight weekly gains amid signs of easing tensions between India and Pakistan.

The key BSE index also snapped its three-session losing run after the March derivatives series got off to a strong start coupled with uninterrupted foreign fund inflows.

The 30-share Sensex opened positive and rallied to the session's high of 36,140.67 on widespread buying by participants.

However, profit-booking in select counters trimmed the gains as the gauge settled 196.37 points, or 0.55 per cent, higher at 36,063.81.

It had lost over 346 points in the previous three sessions due to geopolitical tensions between India and Pakistan.

For the week, the BSE Sensex rose 192.33 points, or 0.57 percent, while the broader NSE Nifty gained 71.35 points or 0.69 percent.

This was the second straight weekly gains for the index.

The NSE Nifty, after hitting a high of 10,877.90, closed at 10,863.50, up 71 points, or 0.66 percent.

Intra-day, it fell to a low of 10,823.10.

Financial, capital goods, IT, power and oil and gas sector stocks hogged the limelight, helped indices to reclaim their key level.

Rupee weakened to 20 paise

The rupee weakened by 20 paise to close at 70.92 against the US dollar Friday amid strengthening of the American currency and rising crude oil prices. Forex traders said slower GDP, higher crude oil prices, and faltering trade talks between the US and China weighed on the domestic currency.

At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 70.75 and fell further to touch the day's low of 70.99.

It finally ended at 70.92 per dollar, down by 20 paise against its previous close.

On a weekly basis, the domestic currency registered a gain of 22 paise.

The rupee had rebounded by 52 paise to close at 70.72 against the US dollar Thursday as sentiments revived on signs of de-escalation of tensions between India and Pakistan.

"India rupee declines on slower growth number, higher crude oil price and faltering trade talks between US and China," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.

India's economic growth slipped to a five-quarter low of 6.6 percent in October-December period of 2018-19, mainly due to poor performance of farm, mining and manufacturing sectors, official data showed Thursday.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.05 percent to 96.20 after a strong US GDP data which was followed by a surprise bounce in Chinese factory activity.

Meanwhile, foreign investors (FIIs) remained net buyers in the capital markets, putting in Rs 198.38 crore on a net basis Friday, as per provisional data.

Brent crude futures, the global oil benchmark, rose 0.15 percent to $66.41 per barrel.

Meanwhile, the Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee against the dollar at 70.9696 and against euro at 80.7161. The reference rate for the rupee against the British pound was fixed at 94.0868 and against 100 Japanese yen at 63.49.

Also See: Rupee rises 9 paise to 71.02 against dollar; domestic unit opens higher in forex market

Rupee opens 10 paise higher against US dollar in opening trade on mild selling by exporters

Sensex sinks 311 points to close at 35,498, Nifty drops below 10,700-mark; banking, auto, FMCG stocks major losers

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