Nifty paused its six-day winning streak, with analysts suggesting potential near-term drift towards 25,400 before resuming an upside trajectory. While banking stocks show vulnerability, Oil & Gas counters, especially Reliance Industries, offer resilience. Further unwinding in derivatives is anticipated, with FIIs actively covering shorts.
Oil Price Today (March 18): Crude oil dips over 1% despite Iran war entering day 19. Here are two reasons why
Oil prices dipped Wednesday following a rise in US crude inventories. However, ongoing geopolitical tensions, particularly concerning the Strait of Hormuz, suggest prices may climb.