Indian stock exchanges remain closed today on account of Muharram.
Benchmark indexes Sensex and the Nifty ended down about 0.3 percent each on Wednesday while the rupee gained 11 paise to close at 74.24 against the greenback.
Asian markets fell broadly this morning while the dollar reached multi-month highs against peers.
Oil prices held steady in Asian trade after four straight days of declines, helped by a bigger-than-expected drawdown in U.S crude inventories.
U.S. stocks fell for a second straight session overnight after minutes of the July 27-28 Fed meeting revealed an emerging consensus among policymakers to begin tapering asset purchases in coming months.
Fed officials widely concluded that the economy had reached its goal on inflation and was “close to being satisfied” with the progress of job growth.
The Dow and the S&P 500 both lost about 1.1 percent while the tech-heavy Nasdaq Composite index shed 0.9 percent.
European stocks ended mixed on Wednesday as investors reacted to inflation data in the U.K. and the euro zone area.
The pan European Stoxx 600 inched up 0.1 percent. The German DAX rose 0.3 percent while France’s CAC 40 index gave up 0.7 percent and the U.K.’s FTSE 100 edged down 0.2 percent.
Indian Markets Shut On Account Of Muharram
2021-08-19 02:55:00
