Even as US stocks are battling a bear market, energy stocks have been dominating the list of S&P 500 gainers so far this year, with Oxy at the top of the gainers’ chart, defying the S&P 500, which has already corrected 22.5% this year.
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A sustainable move above 19770 levels could bring bulls back into action. A slide below 19500 is expected to resume sharp selling momentum, said Nagaraj