Indian equity, forex, money and commodity markets will remain closed today on account of Mahashivratri.
Markets ended flat with positive bias on Monday after easing whole-sale price inflation led to renewed buying interest in stocks of fast moving consumer goods companies. The 30-share Sensex ended up 41 points at 29,136 and 50-share Nifty gained 4 points at 8,809.
As per the official data released yesterday, wholesale prices declined an annual 0.39% in January, their second fall in three months, on the back of falling fuel prices, even as food inflation rose during the period. The official data released on Monday revised November wholesale price inflation to -0.17% against provisional estimates of 0% earlier. The data came a few days after retail inflation rose 5.11% in January against 4.28% in December.
Asian share markets and the euro retreated on Tuesday as talks between Greece and euro zone finance ministers broke down after Athens rejected a proposal to request a six-month extension of its international bailout programme.
US stock futures fell 0.5% in Asian trade while Japan’s Nikkei share average shed 0.3%. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2%.
The euro slipped to $ 1.1332, about a full cent below Monday’s high of $ 1.14295, though it kept some distance from last week’s low of $ 1.1270 and its 11-year trough of $ 1.1098 hit on Jan. 26.
US markets were shut on Tuesday for the Presidents’ Day holiday. US stocks rose on Friday boosted by a positive lead from European markets, including upbeat eurozone GDP data and optimistic signs regarding Greek debt negotiations.
The Dow Jones Industrial Averages closed above 18,000 points for the first time in 2015 and the S&P 500 reported a new all-time closing high.