Oil prices rose on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast to decline through the fourth quarter. Brent futures rose 36 cents, or 0.4%, to $86.36 per barrel and U.S. West Texas Intermediate (WTI) crude gained 53 cents, or 0.6%, to $83.44 a barrel at 0052 GMT. Brent is set for a weekly gain of 2.1%, while WTI is set to climb 0.8% for the week, after both contracts surged on Monday on the potential for disruptions to Middle Eastern exports after Hamas’ attack on Israel over the weekend threatened a possible wider conflict.
Prices gave back some of those gains during week. But, on Thursday, the U.S Come from Read more
The benchmark equity indices ended the last week’s last trading session in the positive territory. The NSE Nifty 50 advanced 97.35 points or 0.51% to settle at 19,230.60, while the BSE Sensex added as much as 282.88 points to 64,363.78.on Friday. On a weekly basis, the NSE Nifty 50 experienced a significant rise of 0.96%, mirroring the BSE Sensex, which also saw a substantial jump of 0.91% last week.
“Nifty managed to hold the support zone of long term moving average i.e. 200 EMA around 18,800 last week however it has reached closer to the resistance zone of multiple moving averages now. We need a decisive close above 19,500 to negate the bearish tone and inch towards 19,850 levels. On the downside, the 18,800-19,000 zone would offer support in case the decline res…
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