All the major financial markets including BSE, National Stock Exchange, Bullion, Foreign Exchange market will remain closed on Thursday on the occasion of Eid-ul-Fitr. The domestic stock markets fell for the second consecutive session on Wednesday and the BSE Sensex and the Nifty fell by almost 1% to a one-week low. Sensex fell by 471 points, or 0.96%, to close at 48,690.80. Nifty also dropped by 154.25 points, or 1.04%, to close at 14,696.50. Banking and financial companies as well as metals, oil and gas, energy and basic commodities groups also suffered a major decline.