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Market Close: Indian benchmark indices ended higher in the volatile session on December 8 with Nifty around 20,950. HCL Technologies, JSW Steel, LTIMindtree, Apollo Hospitals and Infosys were among the top gainers on the Nifty, while losers were Adani Enterprises, ITC, Adani Ports, Hero MotoCorp and Britannia Industries. On the sectoral front, FMCG, oil &…
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Oil heads for 7th weekly loss as supply surplus, weak China demand weigh on market. Oil benchmarks were headed for a seventh straight weekly decline on worries over a global supply surplus and weak Chinese demand, although prices recovered ground on Friday after Saudi Arabia and Russia called for more OPEC+ members to join output…
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Asia FX muted with nonfarm payrolls in sight; Yen scales 4-mth peak. Most Asian currencies moved little on Friday as traders positioned for a potentially softer U.S. nonfarm payrolls reading, while the yen sat near a four-month high to the dollar tracking hawkish signals from the Bank of Japan. The yen was the best-performing Asian currency this…
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Gold prices steady above $2,000 with nonfarm payrolls in focus. Gold prices moved little in Asian trade on Friday, sticking above key levels as markets awaited a potentially softer U.S. nonfarm payrolls reading, which comes just days before a Federal Reserve meeting. The yellow metal had raced to record highs at the beginning of the…