U.S. stocks faced instability near a key level amid mixed economic data and the Fed’s plans to ease rate hikes. Both S&P 500 and the tech-heavy Nasdaq changed little. Yield on 10-year Treasuries declined six basis points to 3.55%.
Oil rose 2.2% on hopes of demand recovery in China. Gold futures increased 3.2%, while Bitcoin fell 0.7% to trade around $17,000-level.
The Indian benchmark indices continued their record-breaking rally for the eighth day to close at new record highs. The broader market indices outperformed their larger peers, as the market breadth favoured bulls.
Rupee continued to rise against the U.S. dollar for the second day closing higher against the greenback despite paring early gains.