The markets are trading in a range amid weakness in their Asian counterparts with the Nifty50 index testing the 10,700 mark. Oil marketing companies were under pressure following Donald Trump's sanctions on Iran and its likely impact on global crude oil prices. Stock-specific action is likely to continue during the day as we are in the middle of the March 2018 quarterly earning season. Crude oil prices jumped back to near three-and-a-half-year highs on Wednesday after US President Donald Trump pulled his country out of an international nuclear deal with Iran, sparking worries about global oil supplies. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774Wednesday, 9 May 2018
Indices Range-Bound, Nifty Above 10,700 Mark; OMCs Slip
The markets are trading in a range amid weakness in their Asian counterparts with the Nifty50 index testing the 10,700 mark. Oil marketing companies were under pressure following Donald Trump's sanctions on Iran and its likely impact on global crude oil prices. Stock-specific action is likely to continue during the day as we are in the middle of the March 2018 quarterly earning season. Crude oil prices jumped back to near three-and-a-half-year highs on Wednesday after US President Donald Trump pulled his country out of an international nuclear deal with Iran, sparking worries about global oil supplies. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
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