India’s stocks, bonds and currency markets are closed on Monday for Annual closing.The broader NSE Nifty fell 0.69 percent to 10,113.70 on Wednesday, while the benchmark BSE Sensex lost 0.62 percent to 32,968.68.The benchmark 10-year bond yield rose about 7 basis points to 7.40 percent, while the rupee weakened to 65.17 from its 64.98 close.
Dollar ended up to one-month high during evening trades Wednesday on buying by foreign banks after reports showed that the Reserve Bank of India and government have dissimilar views on investment limit for foreign portfolio investors..Dollar opened down Wednesday on selling by exporters for year end balance sheet purposes amid the subdued dollar. "Foreign banks are seen selling dollars likely for exporters. Also, subdued dollar is supporting the rupee,".Dollar index, which weighs greenback against a basket of six major currencies traded at 89.26 Wednesday compared to 89.47 at close of Indian Market Tuesday.The greenback remained subdued after dismal US economic data.US consumer confidence data came in weaker than expected however traders look forward to some important data in the next two days. GDP and international trade are slated for Wednesday, while weekly jobless claims and consumer sentiment are set for Thursday.
Sensex provisionally ends 282 points higher with 26 components in the green.