Indian stock markets are closed today in observance of the Muharram holiday, with trading set to resume on Thursday.

In other Asian markets, Japan`s Nikkei 225 experienced a modest increase, gaining 40 points to reach 41,310.70. Meanwhile, Hong Kong`s Hang Seng rose by 9 points to 17,737.27. Taiwan`s Taiwan Weighted index declined by 56 points to 23,940.87. Chinese markets also faced selling pressure, with the Shanghai Composite dropping 13 points to 2,963.89 at the time of filing this report.