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Markets closed on account of Mahashivratri

Last week benchmark share indices logged their best weekly gains in 7 years

Policy Pulse
Publish Date: Mar 7 2016 11:15AM | Updated Date: Mar 7 2016 11:15AM

Markets closed on account of Mahashivratri

 Indian equity, forex, money and commodity markets will remain closed on Monday on account of Mahashivratri.

 

Last week, benchmark share indices logged their best weekly gains in seven years in absolute terms and best in four years in percentage terms, as foreign investors tur Markets closed on account of Mahashivratri ned aggressive buyers after the Budget maintained the path to fiscal prudence.

 

For the week ended March 4, the S&P BSE Sensex ended up 6.4 per cent at 24,646 and the National Stock Exchange's Nifty ended up 6.5 per cent at 7,485. In the broader markets, the BSE Midcap index ended 6.8 per cent higher, while the Smallcap index ended up 7.7 per cent.

 

Japan's Nikkei snapped four-day gaining streak as participants booked profits after a sharp rebound in the market last week. The Nikkei fell 0.65% in today’s session after rebounding 5.1% last week.

 

However, China equities climbed extending strong gains over the past four sessions, as investors reacted positively to statements from top Chinese leaders at the annual Parliament session over the weekend.