Markets closed today on account of Eid-ul Azha

Zee Media Bureau

Mumbai: The BSE, the NSE, forex, money and bullion markets will remain closed on Tuesday on account of Eid-ul Azha or Bakr-Eid.

The BSE Sensex plunged by 444 points yesterday-- its biggest single-day drop since the Brexit fallout on June 24 -- to end at nearly two-week low of 28,353.54 and the NSE Nifty went below 8,800-mark, tracking global meltdown due to heightened fears over US interest rate hike.

Market sentiment was weighed down by weakness in global markets, triggered by renewed concerns of the US Federal Reserve raising interest rates this month.

Equity brokers said concerns inflows to emerging markets will be curtailed if the US raised interest rates, leading to fall in banking as well as metal stocks.

Investors also turned cautious ahead of macroeconomic data -- IIP for July and inflation data for August -- scheduled to be released later in the day.

With PTI Inputs