Nifty 50 Closes Week Down 0.83% Amid Crude Oil Price Volatility

The Nifty 50 index closed at 24,366 last week, marking an 0.83% decline as markets grapple with rising crude oil prices and geopolitical tensions.

The current market sentiment is characterized by caution, with investors closely monitoring key technical support levels amidst global uncertainties.

The increase in Brent crude oil prices to the $87, $90 per barrel range has raised concerns about inflationary pressures and its potential impact on India's import bill and corporate earnings.