Oil check   Oil prices fell on Thursday, retreating from an 8 per cent rally in the previous session as the oil market focused on signs of faltering global economic growth and record production of crude. Brent crude futures dropped 4.24 per cent, or $2.31, to settle at $52.16 a barrel. US West Texas Intermediate (WTI) crude futures fell $1.61 to settle at $44.61 a barrel, down 3.48 per cent. US crude had rallied 8 per cent midweek after dropping to a 1-1/2-year low of $42.36 at the week’s start.

SGX Nifty   The Nifty futures on Singapore Exchange (SGX) were trading 65.50 points or 0.6 per cent higher at 10,874.50 levels in early trade.

Asian stocks edge up as Wall Street extends comeback rally Asian stocks inched higher on Friday after Wall Street ended volatile trade in the green, adding to the massive gains of the previous session although lingering investor jitters helped support safe-haven currencies such as the yen.   MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.15 per cent. It has fallen almost 4 per cent so far in December. Australian stocks added 0.5 per cent and South Korea’s KOSPI climbed 0.65 per cent. Japan’s Nikkei bucked the trend and slipped 0.25 per cent.  

Wall Street roars back late to keep rally going US stocks roared back to end in positive territory on Thursday following steep losses for much of the session, as equities rebounded for a second day.   The Dow Jones Industrial Average rose 260.37 points, or 1.14 per cent, to 23,138.82, the S&P 500 gained 21.13 points, or 0.86 per cent, to 2,488.83 and the Nasdaq Composite added 25.14 points, or 0.38 per cent, to 6,579.49. 

Good Morning! Welcome to Business Standard's live blog on markets.