Indian stock market defies West Asia war jitters, Sensex opens higher despite oil price surge
Mumbai/IBNS, July 16 -- The Indian stock market opened on a positive note on Thursday, shrugging off concerns over rising crude oil prices triggered by the escalating conflict in West Asia.
Although the benchmark indices later pared some of their initial gains, they continued to trade in positive territory as investors remained cautiously optimistic despite mounting geopolitical tensions.
Market participants are closely monitoring developments in West Asia after the United States launched fresh strikes on Iran, raising fears of a wider regional conflict and potential disruptions to global energy supplies.
Reflecting these concerns, Brent crude extended its rally for a fourth straight session, trading above US$85 per barrel, as investor...
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