Domestic stock, bond, commodity and forex markets will remain closed on Wednesday on account of Id-Ul-Fitr.
On Tuesday, Indian equities ended lower on the back of profit-booking a day after benchmark indices scaled new record highs. IT and pharma sectors fell more than 1 percent followed by auto, energy, FMCG, while buying was seen in the metal and infra space.
The Sensex settled 184 points lower at 40,083.54, while the Nifty50 was down 66.80 points at 12021.70. Zee Entertainment, Hero Motocorp, Asian Paints, HCL Tech and TCS were among major laggards on the Nifty, while Yes Bank, Bharti Infratel, Axis Bank, NTPC and Vedanta were among top gainers.
Globally, Asian shares tracked the Wall Street rally on Wednesday after US central bank comments pointed to the increasing prospects of an interest rate cut, boosting investor sentiment and pushing the dollar lower.
The rebound in stock prices also prompted US bond yields to step up from their recent lows, with the 10-year yield off its 21-month low hit earlier in the week.
MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.4 percent, while Japan’s Nikkei average climbed 1.9 percent. On Wall Street, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite clocked their biggest one-day gains in five months.