Capital markets shut on Monday for Christmas

Financial markets will be closed on Monday, December 25 for Christmas with trading set to resume on Tuesday, December 26.

On Friday, Nifty 50 rose by 0.44 per cent to reach 21,349.40, while the S&P BSE Sensex increased by 0.34 per cent to 71,106.96.

The gains were primarily driven by the performance of information technology and metal stocks. Despite these positive moves, the benchmarks experienced a halt to a seven-week winning streak, the longest in six years, due to profit booking at record high levels earlier in the week.

The rupee staged strength against the US dollar, recording a 0.16 per cent increase and quoting at 83.14 per dollar. The upward movement was supported by dollar sales from two major foreign banks, likely acting on behalf of custodian clients.

The benchmark 10-year bond was quoted at 99.95 rupees, and the yield remained unchanged at 7.1862 per cent following debt supply.