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"Expectations of the Fed slowing the pace of rate hikes has been supporting gold. Currently, we are seeing a technical pullback as prices entered the overbought territory. Also, the dollar is firming slightly," said Ajay Kedia, director at Kedia Commodities.

Tata Metaliks will release its third quarter results later in the day. In the previous quarter, revenues increased by 36% over Q2FY22, largely driven by higher sales volume of both Pig Iron and Ductile Iron Pipe.

A total of 42,895 shares changed hands on the counter till 01:12PM (IST)

However, South Korea faced its biggest monthly foreign capital outflows in almost four years because of an increase in the amount of bonds that matured at the end of the year.

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“The breakout was further confirmed by the presence of higher trading volumes. Additionally, the Relative Strength Index, a momentum indicator, is aligned with the price movement, further indicating the continued uptrend,” he said.

India Inc needs a more copious supplier of skilled workers to deal with the double digit wage inflation we are seeing in factories, in Financial Services firms and in IT Services. More than university graduates, we need youngsters who have practical skills which make them valuable in manufacturing, operations and sales roles. India Inc should be given the license to set up Technical Education Institutes which can impart such practical training and thus drive mass job creation.

Sun Pharma Advanced Research Company (SPARC) is a clinical-stage bio-pharmaceutical company focused on continuously improving standards of care for patients globally, through innovation in therapeutics and delivery. SPARC was formed in 2007 following its demerger from Sun Pharma, a global leader in speciality generics.

“This Budget will see a continued push on capex and infrastructure. That will be a focus area in the Budget. There will be a continued focus on renewables and green energy. Hydrogen will be a focus area as well. Thus will be a continued growth Budget, very consistent with the messages that the government has given in the previous Budgets as well.”

Alibaba in November raised the size of its share repurchase program to $40 billion, increasing it by $15 billion, and said it would extend the time frame for the program through the end of March, 2025.