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U.S. West Texas Intermediate (WTI) futures were at $59.56 per barrel at 0211 GMT, up 26 cents, or 0.4 percent, from their last settlement. Oil prices rose on Friday, pushed up by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, putting the crude markets on pace to post their biggest first quarter gain since 2009. U.S. West Texas Intermediate (WTI) futures were at $59.56 per barrel at 0211 GMT, up 26 cents, or 0.4 percent, from their last settlement. WTI futures are set to rise for a fourth straight week and are set for a first quarter gain of 31 percent. Brent crude oil futures were up 30 cents, or 0.4 percent, at $68.12 per barrel. Brent futures are set to increase by 1.7 percent for the week and are set to climb by 27 percent for the first quarter. For both futures contracts, the first quarter 2019 is the best performing quarter since the second quarter of 2009 when both gained about 40 percent. Oil prices have been...

Sharma is of the view that after the recent correction it is tough to say that midcaps have bottomed out. The big ‘P’ or political situation is the next big uncertainty that Indian market will face in the next few months and investors should not ignore the risks which come with it, Shankar Sharma, VC & Joint MD, First Global said in an interview with CNBC-TV18. “It is a significant event and one should not be dismissive about its importance. It will have a pretty significant effect on the stock market. It was a done deal the last time when the campaign started, but this time it does not look like a done deal,” he said. He further added that there is a possibility that the current government could come back with a weaker setup which markets may not like. Well, there is also a possibility that the market may go with the weaker setup. “Hence, this is a significant event and I have no clue as to what will happen but whatever happens it will have a significant impact on ...

Nifty slide continues below 10,790 levels then based on this channel breakdown another 200 points fall can be expected with a initial target of 10,571 levels. The Nifty50 after rangebound trade fell sharply in last hour of trade on Wednesday and formed big bearish candle on the daily charts, weighed by index heavyweights HDFC Bank, Infosys, HDFC and Reliance Industries. ITC was the biggest loser, down over 4 percent after margin disappointment in Q3. The immediate crucial support for the index could be 10,790, experts said, adding if it breaks that level then there could be sharp fall in coming sessions. Overall index has got stuck in a broader trading range of 10,700 to 10,985 zones and requires a decisive range breakout for next leg of rally, experts said.The Nifty50 after opening flat remained rangebound, but started falling in last hour of trade and hit an intraday low of 10,811.95. The index closed 91.30 points lower at 10,831.50 after breaking its conso...