India markets closed on Wednesday for public holiday. India’s financial markets are closed on Wednesday for a public holiday. Markets will resume on Thursday.The rupee closed at 69.61 per dollar on Tuesday and the 10-year benchmark bond yield ended at 7.5399 percent.
Oil prices rose for a second day on Wednesday on signs of strong demand from refineries in China, the world’s second-largest crude user, amid tightening supply as producers curtail output and as oil inventories in the United States fell unexpectedly.International benchmark Brent crude oil futures rose 21 cents, or 0.29 percent, to $71.93 a barrel by 0319 GMT. Brent gained as much 0.5 percent to 72.08 a barrel, the highest since Nov. 8 and the highest this year.U.S. West Texas Intermediate (WTI) crude futures were at $64.45 per barrel, up 40 cents, or 0.6 percent from their previous settlement.
The United States has raised concerns over its “very large” trade deficit with Japan in the first round of negotiations between the two nations on a new bilateral trade deal,No agreement was reached on individual issues after two days of discussions, Japan’s economy minister said, but the two sides discussed trade issues focusing on goods, including farm products, both nations said.
Stock, bond and forex markets closed today for Mahavir Jayanti. The benchmark BSE index ended up 0.95 percent at a record closing high of 39,275.64.