Indian equity indices surged on Monday, mirroring gains across Asia, driven by a strengthening rupee and renewed foreign investment. The Nifty and Sensex closed higher, with the broader market also showing strength. Analysts attribute the upward trend to a 'Santa rally' phenomenon, with midcap and smallcap stocks leading the advance.
Gold and silver have reached all-time highs, driven by escalating geopolitical tensions and expectations of US interest rate cuts. This surge marks the strongest annual performance for both metals since 1979, with investors and central banks fueling demand amidst concerns over currency debasement and ballooning debt.
From department stores to grocery stores, most retailers across the U.S. close early on Christmas Eve and shut their doors entirely on Christmas Day while others opt to cut back hours.
