Indian bourses – National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) – are closed on Wednesday, October 2, on account of Gandhi Jayanti.

All trading activities, including equity, derivatives, and securities lending, are halted. The Multi Commodity Exchange (MCX) is also shut for the day.

Normal trading will resume on Thursday, October 3.

On Tuesday, Indian indices—BSE Sensex and NSE Nifty50—ended slightly lower after a range-bound session.

Meanwhile, Asian stocks sank on Wednesday, October 2, catching up with the sell-off on Wall Street after Iran’s ballistic missile strike on Israel provoked fears of a wider regional conflict, while crude oil pushed higher on the risk of supply disruptions.

Investors flocked to safer assets, pushing US Treasury bond yields down in Asian time, while gold hovered near an all-time high.

The safe-haven dollar traded close to its strongest in three weeks versus the euro. Macroeconomics also buoyed the dollar, with a resilient US job market arguing for a smaller Federal Reserve interest-rate cut in November, and euro zone inflation trends backing a European Central Bank easing this month.

Japan’s Nikkei slumped 1.5% as of 0022 GMT, while South Korea’s KOSPI dropped 1.3% and Australia’s benchmark lost 0.3%.

MSCI’s broadest index of Asia-Pacific shares slipped about 0.5%.

US S&P 500 stock index futures weakened 0.16%, after the cash index lost 0.9% overnight.

Iran said that its missile attack on Israel was finished barring further provocation, although Israel and the US promised retaliation.

Brent crude futures gained more than 1% to $74.33 per barrel, extending the 2.5% advance from Tuesday.

Gold eased 0.16% to $2,658.63 per ounce, following a more than 1% jump in the previous session that brought it close to last month’s record high at $2,685.42.

Benchmark 10-year Treasury yields ticked down 1.5 basis points (bps) to 3.7278%.

–With Reuters inputs