Oil prices saw a slight increase due to geopolitical tensions in Europe and the Middle East. Russia’s actions near Poland and airspace violations raised concerns. Ukraine’s drone attacks on Russian energy infrastructure added to the unease. Four Western nations recognized Palestinian state, further escalating regional tensions. Increased oil supply from Iraq also influenced the market.
F&O Talk: Nifty charts suggest further consolidation; Sudeep Shah’s strategy on Cohance, HEG and 4 more stocks
Indian markets corrected amid volatility, with Nifty entering a consolidation phase after a sharp April rally. Technical indicators suggest a range-bound trend with key support