Indian equity markets closed the trading week with modest gains, with the Sensex advancing as global crude oil prices eased.
The rise was driven in part by a fall in crude oil prices and early signs of renewed diplomatic engagement between the United States and Iran. Lower oil prices are generally favourable for India, a major importer of crude.
Easing tensions in oil-producing regions tend to support sentiment in markets sensitive to energy costs, given the impact of crude prices on inflation and the trade balance.
The week’s gains reflected the influence of these external factors on investor sentiment, as markets weighed developments in commodity prices and geopolitics.
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Sources:
https://tradingeconomics.com/india/stock-market