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India’s currency, debt, and equity markets will be closed in observance of the Christmas holiday. Trading activities are set to resume on Tuesday, December 26.
Notably, on Friday, the Nifty 50 recorded a 0.44% gain, reaching 21,349.40, while the S&P BSE Sensex increased by 0.34% to 71,106.96. The upswing was primarily driven by the performance of information technology and metal stocks.
Despite these positive movements, both benchmarks concluded a seven-week winning streak, marking their longest stretch in six years. Profit booking at record high levels earlier in the week exerted downward pressure on the indices.
The rupee exhibited strength against the US dollar, gaining 0.16% and quoting at 83.14 per dollar. This appreciation was supported by dollar sales from two major foreign banks, likely acting on behalf of custodian clients.
The benchmark 10-year bond was quoted at Rs 99.95, maintaining a yield of 7.1862% after accounting for recent debt supply.
Notably, on Friday, the Nifty 50 recorded a 0.44% gain, reaching 21,349.40, while the S&P BSE Sensex increased by 0.34% to 71,106.96. The upswing was primarily driven by the performance of information technology and metal stocks.
Despite these positive movements, both benchmarks concluded a seven-week winning streak, marking their longest stretch in six years. Profit booking at record high levels earlier in the week exerted downward pressure on the indices.
The rupee exhibited strength against the US dollar, gaining 0.16% and quoting at 83.14 per dollar. This appreciation was supported by dollar sales from two major foreign banks, likely acting on behalf of custodian clients.
The benchmark 10-year bond was quoted at Rs 99.95, maintaining a yield of 7.1862% after accounting for recent debt supply.
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