The week before the previous week had seen Nifty bouncing off from the 20-week MA which stands at 16,854. It had halted its move near the 50-week MA. This week, it moved above that level as well. The 50-week MA positions itself at 17,084.
US stock futures fell as oil prices climbed due to Iran war worries. Asian shares saw mixed movements. US stocks had previously reached record highs.
Oil producers anticipate robust earnings for the March quarter due to soaring crude prices. Conversely, fuel retailers and city gas firms face weaker results. Higher
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