Stock markets ended the trading day and week on a flat note. The Nifty ended higher by 0.08 percent and closed at 24,252 while the Sensex ended at 77,540.83. Broader markets also ended the trading session with on a flat note. Sectoral indices ended on a mixed note. For the week both the Nifty and Sensex declined around 0.6 percent.

Independent market expert, Ambareesh Baliga told Times Now Digital, “what we saw in stock markets today was more of consolidation after a spirited bounce back yesterday-despite the fact that crude is inching up along with treasury yields. Nifty 24,000 provides a strong sentimental support.”

Oil prices have been in focus again after US President Donald Trump unveiled a fresh set of measures aimed at crippling Iran’s economy. As oil prices continue to surge with Brent Crude prices trading near 93 dollars per barrel (at the time of filing this copy), global oil expert and CEO-Australia, Trading.com Peter McGuire told Times Now Digital, “With US President Donald Trump planning to cripple Iran to get them to the bargaining table we are going to see a lot. US aims to cripple Iran economically now. US is already an oil economic powerhouse with Venezuelan oil and now Iranian oil. US is producing 13.58 million barrels per day (as reflected in the image below) and Texas is the fourth largest market- this is the kind of dominance of US Crude. US dominance in energy markets is now breath-taking. We could see oil prices spike further.”

G. Chokkalingam Head of Research at Equinomics Research at the beginning of the trading week had said his “suggestion is to stay invested in quality stocks and manage the risk of capital market risk by diversifying overall financial wealth into safe fixed income securities and also by not investing borrowed money into equities.”

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