India’s Nifty index shows resilience against potential oil price surges from the Gulf conflict. Companies within the Nifty that supply energy like coal and electricity stand to gain. Demand for these energy sources is expected to rise as alternatives to oil and gas. Conversely, smaller companies face greater impact from rising fuel costs.
Bitcoin holds near $66K, range-bound for 50 days, signalling accumulation over distribution
Bitcoin is trading near $66,000, stuck in a range for 50 days. The cryptocurrency market saw a dip of nearly 3% in the last 24