MUMBAI India's bond, currency and stock markets are closed on Wednesday for a religious holiday. Trading resumes on Thursday.
On Tuesday, the BSE index climbed 1.65 percent, or 305.07 points, to 18,842.08, its highest close since November 8, and is just 295 points away from a year-high.
The Nifty gained 1.62 percent, or 91.55 points, to 5,727.45. Both the indices posted their biggest gains since September 21.
The benchmark 10-year bond yield ended 1 basis point lower at 8.19 percent.
The partially convertible rupee closed at 55.45/46 per dollar, 0.5 percent firmer than its previous close of 55.73/74. <INR/> (Reporting by Swati Bhat)
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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column