This week’s trading activity is likely to remain muted as markets will remain closed on Wednesday and Thursday for ‘Diwali Laxmi Puja’ and ‘Diwali Balipratipada’.
The stock exchanges will conduct a special ‘Muhurat’ trading session between 1700 hrs and 1830 hrs on Wednesday.
Oil prices edged lower in Asian trade as the start to U.S. sanctions against Iran’s fuel exports was softened by waivers being given to key purchasers of Iranian oil.
The dollar also held weak against most of its peers amid growing expectations of an orderly Brexit and ahead of the Federal Reserve’s latest monetary policy decision due to be announced on Thursday.
The British pound strengthened on the buzz that U.K. Prime Minister Theresa May has secured concessions from Brussels on Brexit that’ll avoid the need for a hard border in Ireland.