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Sensex, Nifty extend winning streak for third week as crude oil prices ease

Sensex and Nifty extended gains for a third consecutive week as crude oil prices eased to pre-Iran conflict levels and geopolitical tensions subsided. Pharma and banking stocks led the rally, while investors now await key domestic and global economic data

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Representational image. File pic

Representational image. File pic

The Indian equity benchmarks posted a third consecutive week of gains on a sharp correction in crude oil prices to pre‑Iran war levels and improved traffic at the Strait of Hormuz. 

According to IANS, Nifty added 0.18 per cent during the week and edged up 0.14 per cent on the last trading day to reach 24,056. At close, the Sensex was up 109 points, or 0.14 per cent, at 77,100. It added 0.39 per cent during the week.

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