money-currency-investment-idea
Feb 19 2018

India’s currency market is closed today for a banking holiday

Financial Market Overview

19th February, 2018

Morning Coffee:-                                                                                  

MARKETS AT OPEN:-

Rupee:-

  • India’s bonds and currency markets are closed today for a banking holiday and trading will resume on Tuesday. However, stock markets are open for regular trading.

Indian Equities:-

  • The market started off the week on a negative note, with the Nifty and Nifty Bank trading well below its Friday’s low due to further correction in PSU banks.
  • The 30-share BSE Sensex was down 117.30 points at 33,893.46 and the 50-share NSE Nifty fell 45.10 points to 10,407.20.

Global Markets:-

  • Markets in Hong Kong, Taiwan, Vietnam, China, the US and Canada are shut today, while Australian ASX200 is trading higher by 0.70%.
  • European markets finished broadly higher on Friday with shares in France leading the region. The CAC 40 is up 1.13% while Germany’s DAX is up 0.86% and London’s FTSE 100 is up 0.83%.
  • Wall Street squeezed out a gain on Friday to end higher for a sixth straight session, although it lost earlier ground after a U.S. grand jury indicted several Russians for interfering in the 2016 presidential election. The Dow Jones Industrial Average rose 19.69 points, or 0.08 percent, to 25,220.06, the S&P 500  gained 1.05 points, or 0.04 percent, to 2,732.25 and the Nasdaq Composite dropped 16.97 points, or 0.23 percent, to 7,239.47.
  • Japan reported trade data for January with a deficit of ¥943 billion, narrower than the ¥1.0 trillion seen. Exports jumped 12.2%, beating the 10.3% gain expected and imports rose 7.9%, less than the 8.3% rise seen on year.