Categories Reseñas

Oil little changed, worries over rate hikes persist

Expectations of ongoing rate hikes in the world’s largest oil producing country and similar remarks over the weekend by the European Central Bank President have cast a shadow over global growth, setting oil up for a weekly fall after two straight weeks of gains.

Categories Reseñas

Indices snap 3-day winning run; Sensex falls 540 points

“The overall trend still remains in a bearish to sideways mode,” said Rohan Patil, technical analyst at Samco Securities. “Support for Nifty is placed at around 17,400 -17,350 levels and resistance are capped at 17,800 levels.”