Latest Stock Market News

The dollar rose on Friday after new data showed U.S. job growth accelerated in November and the unemployment rate dropped to 3.7%, pointing to underlying strength in the labour market.

Spot gold fell 1% to $2,008.79 per ounce by 9:55 a.m. ET (1455 GMT), and was down nearly 1% for the week so far. U.S. gold futures also lost 1% at $2,025.10. The dollar index firmed 0.2%, making bullion more expensive for overseas buyers. Also, 10-year Treasury yields ticked higher.

The SGBs will be sold through scheduled commercial banks (except small finance banks, payment banks and regional rural banks), Stock Holding Corporation of India Limited, Clearing Corporation of India Limited (CCIL), designated post offices, National Stock Exchange of India Limited and Bombay Stock Exchange Limited.

The net inflows into equity funds were at a two-month low of Rs 15,536 crore in November, while debt funds witnessed outflows of Rs 4,707 crore, according to the data released by the Association of Mutual Funds in India

The lender received a total 104 bids aggregating up to Rs 18,483 crore, it said in an exchange filing. The state-owned lender allotted shares to qualified institutional buyers at Rs 100.20 a share, a discount of nearly 5% to the floor price of Rs 105.42.

Both benchmarks slid to their lowest since late June in the previous session, a sign that many traders believe the market is oversupplied. Brent and WTI are also in contango, a market structure in which front-month prices trade at a discount to prices further out .

The Dow Jones Industrial Average fell 32.56 points, or 0.09%, at the open to 36,084.82.

TPG Capital, through one of its affiliates TPG Asia Vii Sf Pte, sold 89,07,493 shares of Five-Star Business or 3.05% stake at Rs 730 apiece, aggregating around Rs 650 crore, according to bulk deals data on the National Stock Exchange. As of September end, the global private equity fund held 14.29% stake in the NBFC.