Major Asian currencies and stock markets surged on Monday as the dollar declined and markets priced in early interest rate cuts in the United States and Europe, with investors waiting for key economic data from major countries in the region.
Nifty 50 closed the day at 19,079.60, down 61 points, or 0.32 per cent while the Sensex ended with a loss of 238 points, or 0.37 per cent, at 63,874.93.
Asian equities increase malaya.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaya.com.ph Daily Mail and Mail on Sunday newspapers.
Major Asian equity markets rallied on Friday, while emerging currencies were mixed after market-beating economic data from China added to expectations that global central banks were close to being done with their tightening cycles.