US Treasury yields edged higher after solid economic data spurred bets the Federal Reserve will be in no rush to cut interest rates, reported Bloomberg.
The S&P 500 index and Nasdaq 100 rose by 0.51% and 0.26%, respectively, as of 11:53 p.m. New York time. The Dow Jones Industrial Average gained by 0.52%.
Brent crude was trading 0.13% lower at $87.18 a barrel. Gold was up by 0.92% to $2,382.77 an ounce.
India’s benchmark stock indices erased intraday gains to extend their losing streak to the fourth session on Thursday as Axis Bank Ltd., ICICI Bank Ltd. and HDFC Bank Ltd. dragged.
The benchmarks have now recorded the longest losing streak since Oct. 26. The NSE Nifty 50 closed 152.05 points, or 0.69%, lower at 21,995.85 and the S&P BSE Sensex ended 454.69 points, or 0.62%, lower at 72,488.99.
Overseas investors remained net sellers of Indian equities on Thursday for the fourth consecutive session. Foreign portfolio investors offloaded stocks worth Rs 4,260.3 crore and domestic institutional investors remained net buyers for the seventh day in a row and mopped up equities worth Rs 2,285.5 crore, the NSE data showed.
The Indian rupee closed at a new low of Rs 83.543 against the greenback.
