Sensex and Nifty gain despite oil price concerns
after close1 source ↓written by the desknot a recommendation
- 130.49 points
- gaining
- 27.70 points
- and geopolitical tensions
- $85.38 per barrel
- against the US
- 82.56
Benchmark indices closed higher on Wednesday, with the Sensex at 77,185.43, up 130.49 points, and the Nifty 50 at 24,078.50, gaining 27.70 points. Market sentiment was initially positive due to softer US inflation data, but rising crude oil prices at $85.38 per barrel and geopolitical tensions in the Middle East limited gains. The Indian rupee closed at 82.56 against the US dollar, reflecting corporate dollar demand.
Not investment advice. For informational purposes only.