Oil prices saw a slight increase on Friday. This is due to Ukraine’s attacks on Russia’s energy infrastructure. Moscow is restricting fuel exports. It is also close to cutting crude output. Brent and U.S. WTI crude futures both experienced gains. These benchmarks reached their highest levels since August 1. U.S. GDP increased more than expected.
Nifty reclaims 200 WMA; eyes further gains as key resistance shapes next move
Indian equity markets rebounded 2.78%, with the Nifty reclaiming its crucial 200-week moving average. However, weak momentum indicators and overhead resistance warrant caution. Banking, metal,