All You Need To Know Going Into Trade On Dec. 09

U.S. stocks were upbeat on data indicating moderation in the labour market, paving the way for less hawkish Federal Reserve stance. The S&P 500 rose 0.7%, while the tech heavy the Nasdaq 100 was up 1%. The yield of 10-year Treasuries advanced five basis points to 3.44%.

Oil was up 0.8% after paring significant gains from a volatile session caused due to shutdown of a crucial pipeline between the U.S. and Canada. Gold futures rose 0.2%, whereas Bitcoin rose 0.7% to trade around $17,000-level.

The Indian benchmark indices opened on a marginally positive note and stayed flat through the session before closing higher on the back of a last hour surge.

Rupee maintained its upward trajectory against the U.S. dollar for the second day after paring initial losses.