business / news / / Livemint
Nifty 50 index surged from 22,713 to 24,050, recording a weekly gain of 1,337 points.
The Nifty 50 index posted its best weekly gain in over five years, rising nearly 6%.
KEY POINTS
- US-Iran ceasefire talks failed, prompting the US to announce a naval blockade of the Strait of Hormuz.
- Brent crude oil prices surged over 8% to $103.16 per barrel after the blockade announcement.
- Gift Nifty signals a gap-down opening near 23,700 due to renewed Middle East tensions.
- Gold and silver prices dropped up to 3% amid fears of a global energy supply shock.
COMPANIES
Summarized by Newsio from Livemint. How we summarize →