Markets Nosedive

A broker works while sitting in front of a screen displaying live stock quotes on the floor of a trading firm in Mumbai May 23, 2013. REUTERS/Vivek Prakash

Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns

The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree.  Full Article 

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Indian financial markets closed on Wed for local holiday

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MUMBAI | Wed Nov 28, 2012 8:23am IST

MUMBAI (Reuters) - 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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