Indian equity benchmarks resumed declines for the fourth consecutive week over mounting tensions in Iran. The BSE Sensex and the NSE Nifty 50 slumped 2.8% each during the week. On Friday, the benchmark indices resumed rout after a breather on Thursday. The 30-stock index fell over 1,000 points and the 50-share index settled near 24,450.
Meanwhile, Oil was set for its biggest weekly surge since 2022 after disruption in energy markets linked to the Middle East war, with shipping through the Strait of Hormuz near a standstill. Brent futures were above $85 a barrel on Friday and were up 18% this week, while WTI was near $81.
Elsewhere around the world, Futures linked to the Dow Jones Industrial Average rose 46 points, or 0.1%, trimming earlier gains. S&P 500 futures were marginally higher, while the Nasdaq 100 futures advanced 0.1%. In Europe, The pan-European Stoxx 600 rose 0.5% in morning trade. Germany's DAX gained 0.6%, while the UK's FTSE 100 was up 0.2%. France's CAC 40 added 0.2%.

IRCON International said it is not engaged in any discussions or talks regarding a potential merger, according to its notification to the exchanges.



Eight out of 15 sectoral gauges compiled by the NSE traded lower, led by the NSE Nifty Bank Index's 0.9% fall. On the flipside, the NSE Nifty IT Index was the top sectoral gainer, up 1.7%.

Alembic Pharma said it has started selling the antibiotic drug Pivya in the US, according to an disclosed in an exchange filing.
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