Indian Markets Closed For Holiday

(RTTNews) - Indian equity, commodity and forex markets remain closed today for Mahashivratri.

Benchmark indexes Sensex and the Nifty rose around half a percent last week amid signs of easing tension at the border and hopes the U.S. and China were close to striking a trade deal.

Underlying sentiment may remain supported this week, as aerial strikes on Pakistan have boosted prospects of the BJP coming to power again. Nonetheless, the latest developments in Indo-Pak relationship would be keenly watched.

Asian stocks are rising this morning and the dollar eased after U.S. President Donald Trump delayed previously scheduled plans to impose 25 percent tariffs on Chinese goods and urged the country to immediately remove all tariffs on U.S. agricultural products.

The Wall Street Journal reported that the U.S. and China are close to reaching a trade deal that could see both sides ending the tit-for-tat war of tariffs.

Gold steadied while oil firmed up after falling nearly 2 percent on Friday on concerns over global demand growth.

U.S. stocks rose on Friday as upbeat comments from White House economic adviser Larry Kudlow on the trade front helped investors shrug off weak U.S. and Chinese manufacturing data.

The Dow inched up 0.4 percent and the S&P 500 added 0.7 percent to snap a three-day losing streak, while the tech-heavy Nasdaq Composite gained 0.8 percent to close at its highest level in well over four months.

European markets hit five-month highs on Friday, thanks to optimism over U.S.-China trade talks and Brexit-delay expectations. The pan European Stoxx 600 rose 0.4 percent.

The German DAX advanced 0.8 percent, while France's CAC 40 index and the U.K.'s FTSE 100 gained around half a percent.
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