Stock and commodity exchanges, as well as currency and bond markets are closed on Monday, 29 April 2019 as the state of Maharashtra votes in the fourth phase of the ongoing Lok Sabha elections. Trading activity will be not be seen in the forex and commodity futures markets as well.
Meanwhile, the Asian stock markets edged up in morning trade after a surprisingly strong US first-quarter economic growth that boosted the S&P 500 index to a record high. However, the gains were capped as less upbeat aspects in the GDP report pointed to some weakening, a Reuters report said.
Wall Street closed on a high note on Friday after data on American gross domestic product (GDP) showed a 3.2 percent annualized rate growth in the first quarter. The Dow Jones Industrial Average climbed 0.31 percent to 26,543.33 and the Nasdaq Composite rose 0.34 percent to 8,146.40. The S&P 500 jumped 0.47 percent to 2,939.88, its second record closing high for the week.
MSCI's Asia-Pacific shares index (excluding Japan) was up less than 0.1 percent, climbing after posting its biggest weekly drop in over a month last week. Australian shares fell 0.26 percent, while Seoul's KOSPI rose 0.4 percent. Japan's financial markets are closed for a long national holiday this week, however, Nikkei 225 futures in Singapore rose 0.72 percent.
In India, BSE's Sensex gained 336 points on Friday, reclaiming the 39,000 level as global oil prices slipped below the $75 a barrel mark. Selected blue chips posted encouraging results. Eight out of 10 top valued Indian companies added to their market cap.