China's Shanghai crude (SC) front-month contract rose 2.00% intraday to 651.20 yuan/barrel.

Market sources say US Democrats will target Apple (AAPL.O), Meta Platforms (META.O) and companies affiliated with Elon Musk in upcoming investigations.

Rashesh Shah, chairman and managing director of Edelweiss Financial Services, said India should consider removing capital gains tax on foreign investors to help revive the stock market and support the rupee, calling it a relatively easy step to signal welcome to long-term foreign allocators. Dozens of market participants have urged exemption of long-term capital gains tax on foreign investment in Indian listed equities. Earlier this week Finance Minister Nirmala Sitharaman said she would consider adjusting equity-related tax policy but gave no confirmation that the government is reviewing changes to capital gains or transaction taxes.