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Despite a Rs 10 lakh crore market wipeout triggered by the Iran conflict, nearly 50 stocks showed resilience. Select gainers—including ACME Solar Holdings, L&T Technology Services and IFCI—outperformed even as benchmark indices and broader markets sank under geopolitical and crude-driven pressure.
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Global crude oil prices could surge to as high as USD 150 per barrel if the Strait of Hormuz remains closed for the next four to eight weeks, according to a report by Nuvama.
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European shares fell on Friday and were headed for a second weekly loss, as ‌escalating conflict ⁠in the ⁠Middle East and inflation worries dented risk appetite.
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Australian shares ended slightly lower on Friday as ​losses in miners outweighed gains in financials, while the Middle East conflict stoked inflation concerns and lifted expectations of a central bank rate hike next week.
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Japan’s ​Nikkei closed lower on Friday ​and posted a second consecutive weekly decline of 3.2%, ​as escalating tensions in the Middle East fuelled inflation concerns and prompted investors to dump riskier assets.
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