The currency, debt and equity markets will be closed on Monday on account of assembly elections in Maharashtra. The polling for 90 Assembly seats of Haryana and 288 seats of Maharashtra started at 7 am and will continue till 6 pm. The counting of votes will take place on October 24. Financial markets will resume trading on Tuesday, October 22. The benchmark S&P BSE Sensex closed up 0.63 percent at 39,298.38 on Friday, while the broader NSE Nifty ended 0.65 percent higher at 11,661.85. On a weekly basis, both Sensex and Nifty ended with 3 percent gains. The 10-year benchmark bond yield closed at 6.70 percent, while the rupee settled at 71.15 to the dollar. IMF backs India's corporation tax cut, says it will help revive investment The International Monetary Fund on Friday supported India's recent decision to reduce corporate income tax, saying it has a positive impact on investment. It, however, said India should address continued fiscal consolidation an...
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