Benchmark indices Sensex and Nifty and other money and equity Indian markets are closed onaccount of Mahaveer Jayanti.
Benchmark indices Sensex and Nifty and other money and equity Indian markets are closed onaccount of Mahaveer Jayanti. On Wednesday markets ended in red with BSE Sensex fell over 150 points in early trade as investors offloaded positions ahead of March F&O expiry and financial year ending.
A weak trend at other Asian bourses after a sharp fall on Wall Street, driven by technology stocks, also weighed on market sentiment here.
The 30-share index was trading lower by 164.52 points, or 0.49 per cent, to 33,009.87. The gauge had gained 577.85 points in the previous two sessions.
All the sectoral indices, led by metals, PSU, power and banking stocks, were trading in the red, falling up to 1.34 per cent.
The NSE Nifty fell by 59.40 points, or 0.58 per cent, to 10,124.75 in early trade.
Major losers that dragged down key indices were Tata Steel, Adani Ports, SBI, NTPC, Yes Bank, ICICI Bank, Asian Paint, Coal India, ONGC, Power Grid, RIL, HDFC Bank and Infosys, declining up to 2.08 per cent.
The markets will be closed on Friday too because of Good Friday, followed by Saturday and Sunday. Now, the trade would resume only on Monday.
As the financial year 2017-18 draws to a close, stocks and most equity-focussed mutual fund categories have kept their 'growth' promise, debt stuck to stable returns, gold shone bright thanks to an upturn in the last few months, but money betting on the Indian rupee versus US dollar drew a naught, shows a DNA Money analysis of asset-classes. If it was not for the volatility and losses in the last three months, returns in equities and equity-linked products would have been greater by up to 9-10%.
Meanwhile, If you are running low on cash or need to visit your bank, you have to do that on Saturday, as the banks would remain close for as the long weekend awaits.
The banks would not work on March 29 on account of Mahaveer Jayanti followed by a holiday on Good Friday, however, Saturday would be working for the banks.
On April 2, banks will observe an annual closing as the new fiscal would start.
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 "Markets close on account of Mahaveer Jayanti")
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