Cooling crude prices support equity gains and earnings outlook
pre-market1 source ↓written by the desknot a recommendation
- Nifty 50 rising
- 0.1%
- and the BSE
- 24,056
- 77,100.47
- per barrel
- $72.4
India's equity benchmarks closed higher for the third consecutive week, with the NSE Nifty 50 rising 0.1% to 24,056 and the BSE Sensex gaining 0.1% to 77,100.47. Easing crude prices, now at $72.4 per barrel, have boosted market sentiment ahead of the long weekend. Analysts expect buying interest to increase as the market anticipates a recovery in Q2 earnings.
Not investment advice. For informational purposes only.