Indian markets closed for Holi; Asia up

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Indian markets closed for Holi; Asia up
Indian stock markets were closed today on account of Holi. Globally, markets rallied across the board after US markets rallied on encouraging US jobs data.

There was also increasing optimism that Greece would complete its debt restructuring exercise. The Kospi was up 14 points at 1996 points, while the Hang Sang gained to 20813 points and Shanghai Composite was up 24 points at 2419.

Indian markets are expected to be range bound until next week's credit policy and the Union Budget 2012-2013. All eyes would be focused on Finance Minister Pranab Mukherjee and his ability to deliver a growth oriented and pragmatic budget.

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Read more about: greece, markets, credit policy
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