Indian benchmark indices, Nifty and Sensex, closed higher for the second consecutive day on Friday, buoyed by banks, consumer, and metal stocks. Analysts noted Nifty’s recovery above its 50-DMA, signaling bullish sentiment and potential for further gains towards 25,200 and 25,500, supported by a drop in India VIX.
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Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.