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Indian stock markets are closed today on the occasion of Gandhi Jayanti. There is no work on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today. Trading in equity, derivatives and SLB segments is closed today. Apart from this, there is no work on the Multi Commodity Exchange (MCX) today. The market will function normally on October 3 (Thursday).

 

Earlier on Tuesday, the market was seen trading in a range. Both major indexes - Nifty and Sensex closed with a slight decline.

Trend towards safe investment assets
Meanwhile, weakness is being seen in Asian markets today. After Iran's attack on Israel, pressure was also seen in the US market yesterday. Crude oil prices are also rising. Meanwhile, pressure is being seen in Asian markets today. Amid geopolitical tensions, investors are turning to safe assets. There is a decline in US Treasury yield. At the same time, gold has reached record highs. The dollar is also at its highest level in about 3 weeks against the euro. The dollar has also got support from macroeconomic data. Better data is coming from the job market in the US market. There are indications of another rate cut by the US central bank Federal Reserve in November. Pressure in Asian markets Japan's major index Nikkei was seen trading with a decline of about two and a quarter percent. South Korea's Kospi index is also under pressure of more than half a percent. There is also pressure in US futures. Iran has said that the missile attack on Israel has been completed. However, Israel and America have announced to take retaliatory action against Iran. Meanwhile, there is a jump in the price of crude oil. Brent crude oil is above $ 74 per barrel with a gain of about 1% today. Earlier on Tuesday, there was a rise of up to 5%, but there was some decline in the price from the upper levels. Talking about gold, it also saw a rise of 1% yesterday. Today it is close to $ 2658 per ounce with a slight decline. The 10-year US benchmark Treasury yield has fallen by 1.5 basis points to 3.7278%.

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