US stocks rallied on Monday as investors shook off fears around the emerging threat of the Covid omicron variant.
Asian stocks are trading lower on Monday as Omicron emerged in more countries and investors faced a week-long wait for key U.S. inflation figures.
The three major US stock indices rebounded in Thursday's session. The Dow gained 617 points. The S&P 500 rose 1.4% & the Nasdaq Composite gained 0.8%.
India's exports in November rose by 26.49% to $29.88 billion on account of growth in sectors such as engineering, petroleum, chemicals and others.
Omicron coronavirus variant would not lead to lockdowns reassured U.S. President Joe Biden.
The Bank of Korea raised its policy rate by 25 basis points to 1%, a move that was largely expected.
Overseas, Asian stocks are trading mixed on Thursday, following overnight losses on Wall Street.
U.S. equities were flat on Monday, as U.S. Treasury yields reversed and climbed higher, and investors awaited quarterly reports from big retailers.
Rich valuations, a high probability of earnings disappointment, and a potential lack of marginal buyers are key reasons to book profits.
As long we don’t see a decisive breakout above 18225-18300, traders are advised to avoid aggressive long bets and be very fussy in stock selection.