The BSE Sensex and NSE Nifty are closed for buying and selling at present i.e. May 13 on account of Id-Ul-Fitr or Ramzan Eid. Eid ul-Fitr is widely known by Muslims worldwide to mark the tip of Ramadan, the month of fasting. The commodities and forex markets may also stay closed for Id-Ul-Fitra.
Meanwhile, on the economic system entrance, retail inflation eased to 4.29 per cent in April 2021 owing to a drop in meals costs, authorities knowledge launched publish market hours on Wednesday confirmed.
Overnight, the usstocks suffered the largest stoop in a minimum of 11 weeks on Wednesday and benchmark Treasury yields jumped after knowledge confirmed shopper costs in April unexpectedly rose by the very best stage in almost 12 years. The Dow Jones shed 2 per cent, the S&P 500 dropped 2.1 per cent and Nasdaq Composite misplaced 2.7 per cent.
The home benchmark indices had declined for the second consecutive session on Wednesday, with the Sensex ending decrease by 471 factors or one per cent and Nifty declining 154 factors to settle at 14,696.