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Benchmark indices have risen 11-12% since early October as foreign funds resumed buying activity, making Indian markets among the best performing in the world.

Brent crude futures were up 37 cents, or 0.4%, at $87.25 per barrel by 1441 GMT

SBI, the country’s largest lender, received overwhelming response from investors with bids of Rs 16,366 crore, prompting an early closure of the issue. It was scheduled to close next week.

The 30-share Sensex ended 416 points lower at 62,868 dragged by auto, banking and financial stocks, while its broader peer Nifty 50 ended below 18,700 level

Historically, investing in art was a privilege limited to the affluent populace. With the emergence of fine art NFTs, several business houses, organizations, and individuals have started considering it as an investment avenue, just like equities, mutual funds, fixed deposits, etc.

The Dow Jones Industrial Average fell 129.6 points, or 0.38%, at the open to 34265.45

The word of caution from the regulator comes following observations of such acts on the platform where certain groups have been misusing and misrepresenting some asset management companies

The weekly charts saw the formation of a long positive candle with upper shadow. The chart pattern remained positive with higher tops and bottoms. Analysts said Thursday’s record high of 18,887 could now be considered a new higher top of the sequence, and present weakness is expected to find a higher bottom in the short term.

Since hitting an over two-year low of $524 billion in October, forex reserves have been rising as the dollar index fell off its peak. The RBI in the past has said changes in its reserves is a function of revaluation gains or losses, as well as market interventions.

The rate-setting Federal Open Market Committee meets on Dec. 13-14, capping a volatile year that saw the central bank respond to the fastest outbreak of inflation since the 1980s with the fastest increase in interest rates since then to try to offset it. That aggressive response sent a shock through the financial system that at one stage erased nearly $12 trillion of U.S. stock market value and more recently pushed home mortgages rates to 7% for a population used to cheap money.