Indian Stock Markets Closed for Bakri Id; Global Markets Show Mixed Trends
Stock markets closed for Bakri Id holiday; trading to resume Friday
Image: Asianet Newsable
Indian stock markets were closed on Thursday for Bakri Id, with trading set to resume on Friday. Meanwhile, major Asian markets experienced selling pressure, while Wall Street saw minor gains. Global market sentiment remains cautious due to rising crude oil prices and geopolitical uncertainties.
- 01The National Stock Exchange (NSE) announced that Indian stock markets were closed for Bakri Id, with trading resuming on Friday.
- 02Most Asian markets faced selling pressure, with Japan's Nikkei 225 down 0.03% and Hong Kong's Hang Seng index down 1.47%.
- 03Brent crude oil prices rose by 1.76% to around USD 96 per barrel, impacting global financial markets.
- 04Wall Street indices closed with minor gains, with the S&P 500 up 0.02% and the Dow Jones Industrial Average gaining 0.36%.
- 05Market participants are closely monitoring crude oil prices and geopolitical tensions for further market direction.
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On Thursday, Indian stock markets remained closed in observance of Bakri Id, as confirmed by the National Stock Exchange (NSE). Trading in both equity and derivative segments will resume on Friday. The commodity markets also paused trading, set to reopen at 5 PM. Meanwhile, major Asian markets experienced selling pressure, with Japan's Nikkei 225 index down by 0.03%, Singapore's Straits Times falling 0.23%, and Hong Kong's Hang Seng index declining 1.47%. Only Taiwan's weighted index showed positive movement, rising over 1%. In the US, Wall Street closed with minor gains, with the S&P 500 slightly up by 0.02%. Global market sentiment remains cautious as crude oil prices increased to around USD 96 per barrel, raising concerns about inflation and economic activity. Market participants are closely watching these developments for further insights into equity and commodity markets.
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The closure of stock markets may affect local investors and traders who rely on daily trading activities.
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