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Markets will remain closed today on account of Good Friday

SI Reporter/New Delhi 14 Apr 17 | 08:00 AM

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Indian equity, forex, money and commodity markets will remain closed today on the occasion of Good Friday.

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 and plan to distribute cash to shareholders fell short of expectations, raising concerns at the start of the March quarter earnings.

The geopolitical worries, after the United States launched cruise missiles against an air base in Syria last week and fears of a new weapons test by North Korea, also contributed to the losses.

The S&P BSE Sensex settled at 29,461, down 182 points, while the broader Nifty50 ended at 9,150, down 53 points. 

In the broader market, the S&P BSE Smallcap index outperformed to gain 0.2%, while S&P BSE Midcap remained little changed.

Nifty IT index (down 2.4%) was the leading sectoral loser yesterday, dragged by Infosys, which was also the top loser on Sensex and Nifty. The stock shed 3.7% to Rs 933 on NSE after country’s second largest software services firm saw 2.8% decline in net profits to Rs 3603 crore for the quarter ended on March 31, 2017.

TCS also fell over 2% to Rs 2,335 ahead of its March quarter numbers scheduled for April 18.

Overseas, European stocks edged lower as investors digested US President Donald Trump's comments that he would prefer the Federal Reserve to keep interest rates low. The pan-European Stoxx 600 was down 0.5%, Germany's DAX shed 0.4%, while France's CAC 40 and Britain's FTSE lost 0.6% and 0.5%, respectively.

Asian markets ended mixed. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.6%. Japan's Nikkei closed down 0.7%.

Australian stocks retreated 0.75%, Chinese shares rose 0.1%, while Hong Kong stocks added 0.2%.

Most markets in the region will also be closed today for the Good Friday public holiday.

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Company Price Gain (%)
Tata Motors341.301.93
Coal India285.751.03


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