Oil prices increased on Friday as traders rushed to close short positions ahead of the extended weekend. Heightened fears about a possible US operation against Iran contributed to the fluctuating prices, pushing both Brent crude and US West Texas Intermediate to gain ground. The recent deployment of a US Navy carrier group to the Persian Gulf couldn’t be ignored either.
Sensex slumps 583 pts, Nifty below 24,000; 7 key triggers
Indian stock markets experienced a significant downturn on Thursday, with Sensex and Nifty both falling over 0.7%. This decline was driven by soaring oil prices,