Before Market Opens: 9 things to know at 9 am on November 25, 2022

Markets in the US were closed for the Thanksgiving holiday and will close early on Friday.

Shares in the Asia-Pacific traded mixed as investors digested economic data from the region, including Tokyo’s consumer price index and Singapore’s final gross domestic product readings. In Australia, the S&P/ASX 200 in Australia rose 0.15%. The Nikkei 225 fell 0.32% and the Topix also fell 0.21%. In South Korea, the Kospi fell 0.22%.

At 8:20 am, the SGX Nifty was trading 44 points or 0.24 percent lower at 18,624, indicating a weak opening for the Indian markets.

The domestic equity market witnessed healthy across-the-board buying interest on November 24, lifting the benchmarks the Sensex and the Nifty to new highs. While the Sensex hit its fresh all-time high of 62,412.33 in intraday trade, Nifty hit its new 52-week high of 18,529.70 in intraday trade. Nifty's all-time high is 18,604.45 which it hit on October 19, 2021. Sensex closed 762 points, or 1.24%, higher at 62,272.68 while the Nifty ended at 18,484.10, up 217 points, or 1.19%. Both Sensex and Nifty closed at their record closing high levels.

Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much it would limit supply. A bigger-than-expected build in US gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices. Brent crude futures were down 29 cents, or 0.3%, to $85.12 a barrel by 15.15 p.m. ET (2015 GMT), while US WTI crude futures rose 2 cents, to $77.96.

The euro rose as high as $1.0447, edging it closer to its recent four-month top of $1.0481, while the dollar weakened 0.6% against the Japanese yen to 138.70 yen and past $1.20 against sterling. The dollar swooped towards a three-month low on Thursday, after Federal Reserve signals of smaller interest rate rises from next month were followed by the message from Frankfurt that the ECB will plough on.

The rupee rose 22 paise to settle at 81.63 per dollar in the previous session after the greenback retreated from its recent highs. Gains in equity market and FPIs'buying also boosted the domestic currency.

Foreign institutional investors (FIIs) net bought shares worth ₹1,231.98 crore, while domestic institutional investors (DIIs) net sold shares worth ₹235.66 crore on November 24, as per provisional data available on the NSE.

Gold prices were flat on Friday, but they were set for a small weekly gain buoyed by the dollar's overall retreat on a perceived dovish tilt to the US Federal Reserve's interest rate hike strategy, reported news agency Reuters.