Stock Market LIVE: GIFT Nifty Hints At Negative Open; Bajaj Auto, Oil India, Railtel Corp Shares In Focus

A gauge for emerging-market currencies rose on Wednesday, getting a lift from renewed bets of a Federal Reserve interest-rate cut next week after the latest batch of jobs data showed a weakening labor market. 

The Colombian peso, Czech koruna and Polish zloty led the advance among peers as the Bloomberg Dollar Spot Index slipped 0.4%. Meantime, the index for emerging equities edged lower for the day. 

In an effort to permeate the Indian tech ecosystem, Open AI is in talks with Tata Consultancy Services (TCS), the country's largest software exporter, to build an AI compute infrastructure in India.

OpenAI is also looking to partner with Tata to co-develop agentic AI solutions to enterprises across India, reports The Economic Times.

Gold prices in India rose to Rs 1,30,430 and silver was up at Rs 1,81,850 on Thursday, according to the India Bullion Association as of 7:15 a.m. However, silver in the spot market was near its record high after hitting another record high in the previous session.

This comes after US payroll data reinforced hope that the Federal Reserve will cut interest rates in its final policy meeting of the year.

Foreign portfolio investors pulled out more money from the domestic equity markets in just two days of December compared to November. FPIs have taken out Rs 4,211 crore in December, while in entire November they sold Indian equities worth Rs 3,765 crore.

Markets in Japan rose as the Wall Street recorded gains on hopes of a rate cut in the upcoming policy meeting of the US Federal Reserve in December post weak private jobs data. Market participants also focused on Japan's 30-year bond auction.

The Nikkei 225 and TOPIX were trading 1.26% and 1.11% higher, respectively as of 7:02 a.m.