Market closed today on account of Gandhi Jayanti
ETMarkets.com|
Updated: Oct 02, 2017, 09.57 AM IST
NEW DELHI: The domestic stock market is closed today on account of Mahatma Gandhi Jayanti.
Trading will resume on Tuesday. The day will see the RBI kick-starting its fourth bi-monthly monetary policy statement review that will conclude on Wednesday. Global cues too would be on investor radar after domestic equities ended up last week as the worst performer among global peers.
While concerns over incremental foreign outflows on likely Fed balance sheet trimming later this year remained a cause of concern, weakening macro fundamentals, resultant sliding rupee and a rise in crude prices overseas too added to the sentiment.
For the week, the BSE Sensex was down 638.72 points, or 2 per cent at 31,283.72 on Friday while the NSE Nifty dropped 175.80 points, or 1.76 per cent, to 9,788.60. Global peers Shanghai Composite, Hang Seng and Straits Times fell up to 1.2 per cent for the week.
Midcap and smallcap indices fell 1 per cent each. Had not domestic institutions bought Rs 12,187 crore of equities during the week, the fall would have been more severe.
Data available with corporate database Capitaline showed FPIs sold equities worth Rs 6,949.38 in the period mentioned. NYMEX crude settled above $51 level at $51.56 a barrel, up 2 per cent over $50.55 a barrel in the week-ago period, while rupee ended the week a 65.36 level against the US dollar from sub-65 level (64.96) a week ago.
The market regulator Sebi put a hold on its directive on disclosure of loan defaults by listed companies within one working day from October 1.
Meanwhile, the US stocks closed at record high level on Friday.
The Dow Jones Industrial Average added 21.55 points, or 0.1 per cent, to 22,402.75, the S&P500 rose 9.17 points, or 0.37 per cent, to 2,519.23 and the Nasdaq Composite added 42.51 points, or 0.66 percent, to 6,495.96.
Trading will resume on Tuesday. The day will see the RBI kick-starting its fourth bi-monthly monetary policy statement review that will conclude on Wednesday. Global cues too would be on investor radar after domestic equities ended up last week as the worst performer among global peers.
While concerns over incremental foreign outflows on likely Fed balance sheet trimming later this year remained a cause of concern, weakening macro fundamentals, resultant sliding rupee and a rise in crude prices overseas too added to the sentiment.
For the week, the BSE Sensex was down 638.72 points, or 2 per cent at 31,283.72 on Friday while the NSE Nifty dropped 175.80 points, or 1.76 per cent, to 9,788.60. Global peers Shanghai Composite, Hang Seng and Straits Times fell up to 1.2 per cent for the week.
Midcap and smallcap indices fell 1 per cent each. Had not domestic institutions bought Rs 12,187 crore of equities during the week, the fall would have been more severe.
Data available with corporate database Capitaline showed FPIs sold equities worth Rs 6,949.38 in the period mentioned. NYMEX crude settled above $51 level at $51.56 a barrel, up 2 per cent over $50.55 a barrel in the week-ago period, while rupee ended the week a 65.36 level against the US dollar from sub-65 level (64.96) a week ago.
The market regulator Sebi put a hold on its directive on disclosure of loan defaults by listed companies within one working day from October 1.
Meanwhile, the US stocks closed at record high level on Friday.
The Dow Jones Industrial Average added 21.55 points, or 0.1 per cent, to 22,402.75, the S&P500 rose 9.17 points, or 0.37 per cent, to 2,519.23 and the Nasdaq Composite added 42.51 points, or 0.66 percent, to 6,495.96.
