Indian Markets Closed For Dussehra

(RTTNews) - Indian markets remain closed today on account of Dussehra.

Benchmark indexes Sensex and Nifty tumbled around 1.3 percent each on Monday to extend losses for a fourth successive session. The rupee slipped 7 paise to close at 83.19 against the dollar.

Asian markets traded mostly lower this morning, with Japan, Hong Kong and South Korea leading losses on concerns about elevated bond yields and the relentless conflict in Gaza.

The U.S. has reportedly advised Israel to hold off on a ground assault in the Hamas-controlled Gaza Strip.

Investors also awaited earnings results from U.S. technology giants and watched the latest developments in China after the country launched an investigation into Taiwan-based iPhone-maker Foxconn, Apple Inc.'s most important partner.

Oil edged higher in Asian trade after suffering heavy losses on Monday. Gold edged up as the dollar dipped ahead of key U.S. economic data due this week and next week's Federal Reserve's monetary policy meeting.

U.S. stocks ended a choppy session mixed overnight as the yield on the benchmark ten-year note eased after briefly peaking above the key 5 percent level amid a surge in government debt and supply of bonds.

The Dow dropped 0.6 percent and the S&P 500 slid 0.2 percent to reach over four-month lows while the tech-heavy Nasdaq Composite rose 0.3 percent.

European stocks recovered from a weak start to end mixed on Monday as investors fretted about Middle East tensions and the prospect of higher-for-longer interest rates.

The pan European STOXX 600 inched down 0.1 percent. The German DAX finished marginally higher and France's CAC 40 edged up half a percent while the U.K.'s FTSE 100 eased 0.4 percent.