Thursday, 26 January 2017

Markets closed on account of Republic Day

Indian equity, forex, money and commodity will remain closed today on account of Republic Day.
In the previous session, the benchmark indices finished on a higher note as seemed to have recovered from the demonetisation gloom with Nifty50 ending above its crucial 8,600-mark for the first time since November 01. On January 25, the S&P BSE settled at 27,708, up 332 points, while Nifty50 closed at 8,602, up 128 points


The positive rollovers to February series contributed to the gains.
World stocks hit a 19-month high on Wednesday, lifted by strong Japanese trade data, stellar European company earnings and hopes that US President will press ahead with a large fiscal spending package.
MSCI's global share index rose 0.2% to 433.59 points, its highest since June 2015, after two of Wall Street's main indices reached fresh peaks overnight.
Japan's Nikkei advanced 1.4%, buoyed by data showing the country's exports rose for the first time in 15 months in December, a positive sign for the economy even as talk of US protectionism looms over the outlook.

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