Sensex Today | Stock Market LIVE Updates: Oil prices still remain at elevated levels, even if not at $100 a barrel. A potential reversal in the currency should also be watched. 23,000 is a key level for the Nifty, followed by the 23,200 – 23,300 zone, which has acted as a recent barrier.
Donald Trump’s five-day window for Iran sent risk assets surging overnight and oil prices tumbling. The Dow rallied over 600 points, while oil fell as much as 14%. However, it must be noted that US indices pared gains, while oil pared losses before close.
Oil prices still remain at elevated levels, even if not at $100 a barrel. A potential reversal in the currency should also be watched. 23,000 is a key level for the Nifty, followed by the 23,200 – 23,300 zone, which has acted as a recent barrier.
The Nifty Bank’s fate lies in HDFC Bank’s hands, where sentiments continue to remain subdued. Oil sensitivities will be back in focus after the overnight price action. Also in focus will be Coal India, IRFC, Balkrishna Industries among others.
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