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As U.S. Gulf Coast production and refining activity resumes, investors have opted to offload oil contracts going into the weekend, said Bob Yawger, director of energy futures at Mizuho in New York.

The U.S. dollar dropped to its lowest level in nearly nine months against the Japanese yen amid speculation of a potential 50-basis-point interest rate cut by the Federal Reserve. Market expectations shifted following media reports and comments from a former Fed official. The dollar also weakened against other major currencies, while U.S. consumer sentiment showed improvement.

The article discusses the concept of mean reversion in the Nifty Smallcap 100 index, highlighting its tendency to return to its 200-day moving average after extended bull runs. It emphasizes the importance of understanding this pattern for better decision-making and risk management during market pullbacks.

U.S. stocks rose on Friday as investors anticipated possible aggressive rate cuts by the Federal Reserve at its upcoming policy meeting. The Dow Jones, S&P 500, and Nasdaq all closed higher. Gold hit record highs, while the dollar weakened and Treasury yields fell.

Max Healthcare announced the acquisition of a 64% stake in Jaypee Healthcare, with plans to acquire the remaining 36%. The deal includes Jaypee Hospital in Noida and two other hospitals. Max Healthcare aims to enhance patient care and expand services in the NCR region. The transaction awaits NCLAT approval.

Ecom Express filed its draft papers with the capital markets regulator last month for an initial public offering of shares worth nearly Rs 2,600 crore. In its DRHP, Ecom Express had said it handled more than 514 million shipments in FY24 while Delhivery clocked 740 million.

If those gains hold, both benchmarks will break a streak of weekly declines despite Brent crude dipping below $70 a barrel on Tuesday for the first time since late 2021.

In a regulatory filing on Friday, the airline said shareholders have given their nod for the special resolution for raising funds of up to Rs 3,000 crore.

Long unwinding is when investors sell their long-held stocks, either to secure profits or to avoid potential losses due to an expected market downturn.