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U.S. stocks dropped on chances of tighter Covid-19 restrictions in China and continued hawkish outlook by Federal Reserve policymakers. S&P 500 declined 1.1%, while the tech-heavy Nasdaq slipped 0.9%. Meanwhile, yield on 10-year Treasuries rose four basis points to 3.71%.
Oil was up 1.2% on speculations of OPEC+ deciding in favour of deeper supply cuts this weekend. Gold futures fell 0.7%, while Bitcoin declined 2.4% to trade near $16,200-level.
The Indian benchmark indices Sensex and Nifty closed at new record highs, led by gains in oil and gas, and energy stocks. However, the broader market indices underperformed their larger peers.
Rupee opened weaker against the U.S. dollar, but pared losses to end 0.02% higher.
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