Market Bizzz

Stocks that were in focus included names like Paytm, which fell 6.19%, YES Bank, which rose 5.68%, and Dixon Tech, whose shares declined 0.62% on Tuesday.

Brent bottomed at $72.75 a barrel, its lowest level since late June, while U.S. crude slid to $68.14 a barrel on concerns of softening demand and oversupply. [O/R]

The market stumbled in overnight trade as firmer-than-expected U.S. inflation readings for November bolstered the view the Federal Reserve was unlikely to cut interest rates early next year, which would weigh on consumption.

Stocks that were in focus included names like Dr Reddy’s, which fell (5%), Praj Industries, which rose 7.2%, and IRFC, whose shares increased 7.64% on Monday.

GLOBAL-PRECIOUS/PRECIOUS-Gold edges higher as dollar slips, US inflation data in focus

The dollar rose about 0.9% on the yen overnight. At 145.96 yen it is about 3% above a low touched last week after remarks on the challenging outlook from Bank of Japan Governor Kazuo Ueda were taken as a hint that a policy shift was imminent.