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Wall Street’s main indexes opened lower on Wednesday after much weaker-than-expected private payrolls data, while the federal government’s shutdown raised uncertainty around the central bank’s visibility into the economy.
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Indian equity markets will remain closed on October 2 for Dussehra and Gandhi Jayanti. October sees three additional trading holidays, including Diwali, with a special Muhurat session on October 21 for festive trading.
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Nifty and Sensex ended their eight-day losing streak led by private banks, auto, and IT stocks. Sun TV, Netweb, Tata Motors, Pfizer, and HUDCO surged, while Hyundai and Indian Bank slipped amid RBI’s neutral policy stance.
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Indian government bond yields declined on Wednesday, as the central bank is expected to ease policy over the coming months, and after the governor said that yields have further room to come down.
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Euro zone government bond yields were little changed, with investors closely watching moves in U.S. Treasuries amid a U.S. government shutdown.
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