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NEW DELHI: Indian equity, forex, money and commodity markets are closed on Friday on account of Guru Nanak Gurpurab.
Other Asian shares barely budged in early Friday trade as investors were reluctant to make any big bets in the face of trade tensions, signs of slowing earnings and Brexit negotiations, reports Reuters.
A draft deal between Britain and the European Union on future relations offered some hope for battered markets, though more evidence of pressure on corporate earnings in Europe kept equity investors sidelined.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent in early trade.
Australian shares were up 0.23 per cent, and Seoul's Kospi was flat, said the report.
Despite small gains, US equity futures were pointing to weakness on Wall Street when trading resumes Friday.
SP E-mini futures were down 0.24 per cent at 2,642.75.
US financial markets were closed for Thanksgiving on Thursday.
On Thursday, stock markets in Europe were hit by disappointing earnings on further signs that corporate profit growth is peaking globally.
Crude oil weakOil markets remained weak on Friday, pressured by concerns that producers are churning out more oil than the world needs amid a bleak economic outlook.
US West Texas Intermediate (WTI) crude futures, were at $54.07 per barrel, down 56 cents, or 1 percent, below their last settlement.
Front-month Brent crude oil futures were at $62.64 per barrel, 4 cents above their last close amid thin trading due to a holiday in Japan.
“Oil prices fell as concerns of further oversupply drove sentiment lower,” ANZ bank said on Friday.
Rupee on a highThe rupee extended its upward momentum against the US dollar to the seventh day on Thursday, strengthening past the psychological 71-a-dollar mark.
Amid easing crude oil prices, the rupee closed at 70.69 to the dollar, its highest in three months.
The domestic currency had closed at 71.46 a dollar on Tuesday.
The foreign exchange market was closed on Wednesday for a public holiday.
Dalal Street on ThursdaySustained capital outflow, triggered by prevailing pessimism in global markets over concerns of weak global economic growth and lingering US-China trade tussle, made the market suffer losses for the third consecutive day on Thursday.
Participants went for across-the-board selling spree, with metals, telecom, banking and financial stocks taking the biggest hit.
Subdued US dollar and soft crude oil prices pushed the rupee higher, but it failed to give the market a booster dose.
After opening in the green, Sensex traded in the positive terrain during the first half of the session, but a fresh spell of selloff in most sectors in the second half spoiled the session.
The 30-share index fell 219 points, or 0.62 per cent, to end the day at 34,981, while Nifty50 finished 73 points, or 0.69 per cent, lower at 10,526.
In line with Sensex, BSE Midcap and Smallcap indices, too, shut shop with losses, falling 0.74 per cent and 0.44 per cent, respectively.
