Markets closed on account of Mahavir Jayanti

The S&P BSE Sensex ended up 190 points at 25,816 and the Nifty50 ended up 64 points at 7,915 on Monday.

Indian equity, forex, money and commodity markets will remain closed on Tuesday on account of Mahavir Jayanti.

On Monday, benchmark share indices ended higher amid a rally in IT shares led by Infosys after robust revenue growth guidance for the current fiscal.

The S&P BSE Sensex ended up 190 points at 25,816 and the Nifty50 ended up 64 points at 7,915. In the broader market, the BSE Midcap and Smallcap indices ended over 1% higher. Market breadth was strong with 1427 gainers and 1183 losers on the BSE.

Meanwhile, wholesale prices in the country fell for the 17th straight month in March, dropping 0.85% compared to 0.91% in February. Government data released on Monday showed that total build up in inflation for the current financial year leading up to March was -0.85%, as compared to a -2.33% fall in the corresponding period of the previous year.

GLOBAL MARKET

Asian equities have started the session on a positive note mirroring gains in the US equities after a strike in Kuwait resulted in a recovery in crude oil prices.

Japan's benchmark index Nikkei has jumped 3.6% in early trades, a day after it cracked around 3.5% as investors assessed the impact of earthquakes in southwestern Japan's Kyushu on manufacturers' supply chains.

Singapore’s Straits Times and Hong Kong's Hang Seng indices are also trading higher between 0.5%-1.5%. However, China’s Shanghai Composite is trading flat.

US advanced in the overnight trades, with consumer discretionary and health care stocks leading the charts, as oil prices reversed most of their overnight losses. The Dow surged 106 points to close above the important 18,000 level for the first time since July 20, 2015.

Brent crude was up about 0.1% at $42.97 a barrel, while U.S. crude added 0.5% to $39.96.