http://indiatoday.intoday.in/site/story/stock-markets-closed-today-april-14-for-ambedkar-jayanti/1/135191.html
Stock markets closed for Ambedkar Jayanti
ITGd Bureau | Mumbai, April 14, 2011 | Updated 11:00 IST
The Bombay Stock Exchange, the National Stock Exchange, forex and
money markets are closed on Thursday on account of Ambedkar Jayanti.
The oil and oilseeds market will also remain closed, but the commodity
markets will remain open as usual.
The 30-share index Sensex had on Wednesday shot up 434.32 points to
19,696.86, snapping 5-day falling streak, as investors bought stocks
at lower levels amid firming global trend and easing of crude oil
prices.
BT Perspective:
'Markets will shine in late 2011'
Bourses follow a pattern
The broad-based National Stock Exchange index Nifty had shot up 125.80
points to 5,911.50, after a weak opening at 5,735.55 points.
The upsurge in the market was led by software exporting companies on
expectations for robust quarterly earnings, ahead of the fourth
quarter results starting with the announcement by Infosys Technologies
on Friday.
The top three outsourcing companies are expected to post strong fourth
quarter profits and forecast robust revenue growth for the fiscal
ending March 2012 on improving global economic environment. Software
exporters get about half their revenues from the US and European
markets.
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