{
  "id": 11358936,
  "title": "Indian markets closed on October 2 for Gandhi Jayanti",
  "url": "https://urgent.news/2026/10/02/indian-markets-closed-on-october-2-for-gandhi-jayanti",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T04:47:45.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/indian-markets-closed-on-october-2-for-gandhi-jayanti/article71535779.ece"
  },
  "original_language": "en",
  "account": "On October 2, India’s equity, currency and debt markets were closed for a local holiday called Gandhi Jayanti. The BSE Sensex and the broader NSE index both experienced declines on Thursday, marking their eighth consecutive weekly loss and the longest such streak in 25 years. The record foreign selling, rising crude prices near $100 a barrel, and a surge in global yields contributed to the downward pressure on risk sentiment. The Indian rupee weakened to 96.3150 per dollar on Thursday, its weakest level in two months, amid surging global bond yields and soaring oil prices, further straining the currency already impacted by foreign portfolio outflows. The 10-year bond yield rose to its worst week in seven, reaching 7.2133%, hovering at a two-and-a-half-year high and climbing by 9.5 bps for the week.",
  "summary": "Trading will resume on Monday, October 5",
  "key_points": [
    "Indian markets closed on October 2 for Gandhi Jayanti",
    "BSE Sensex and NSE index declined, eighth consecutive weekly loss",
    "Foreign selling, high crude prices, global yields pressured markets"
  ],
  "editors_take": "The closure of Indian markets for Gandhi Jayanti provides a brief respite for investors as markets had been experiencing significant downward pressure from foreign selling, rising crude prices, and surging global yields.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Indian Markets Closed For Gandhi Jayanti",
        "url": "https://urgent.news/2026/10/02/indian-markets-closed-for-gandhi-jayanti",
        "published": "2026-10-02T02:48:18.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}