Nifty closed above 19,800 for the first time since October 17, while the Sensex closed above 66,000. The Nifty is now up nearly 1,000 points from its October 26 low of 18,837.When Asian market opened on Thursday, there was cautious activity following a slight rise in US stocks and a decline in Treasuries, triggered by data indicating a sustained expectation of inflation among US consumers.
Japanese markets remained closed due to a holiday.Crude oil prices were in focus owing to the unexpected delay in OPEC+ meeting scheduled for Sunday. Brent crude was down 1.4% at $80.8 a barrel.Earlier, Wall Street saw a rally ahead of the Thanksgiving holiday with the benchmark 10-year treasury yield also falling briefly to its lowest in two months.
The Dow Jones gained 0.5%, while the S&P 500 rose 0.4%. The Nasdaq also gained 0.5% with 63% of its constituents ending the day with gains.The rupee opened slightly higher at 83.29 per dollar against the previous close of 83.32.At pre-open the Sensex was down 17.07 points or 0.03% at 66,006.17, and the Nifty was down 28.80 points or 0.15 percent at 19,783.Infosys has signed a strategic long-term collaboration with TK Elevator, an urban mobility company, to help execute its digital transformation with an AI-first strategy.Gold prices edged higher on Thursday, hovering close to $2,000 an ounce as a weaker dollar and lower US Treasury yields buoyed demand.The company has bagged an electrification project under the Gati Shakti Sealdah Division of Eastern Railway.
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