Sensex extends gains, Nifty reclaims 11,600 in opening

Written by: CapitalAim on July 12, 2019

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  Sensex extends gains, Nifty reclaims 11,600 in opening

Benchmark indices extended previous day's gains amid volatility. The BSE Sensex rose 69.59 points to 38,892.70 and the Nifty50 climbed 21.10 points to 11,604.

Crude Update

Oil prices rose as US oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued in the Middle East.

Brent crude futures were up 0.6 percent, at $66.89 per barrel. The international benchmark settled down 0.7 percent on Thursday after hitting its highest since May 30 at $67.52 a barrel.

US West Texas Intermediate (WTI) crude futures were up 0.6 percent, at $60.54 a barrel. The US benchmark closed 0.38% lower on Thursday after marking its highest since May 23 at $60.94.


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