Crude Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran.
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Indian equity benchmarks extended gains for the sixth day and are set for their longest winning streak in over four months. The S&P BSE Sensex Index rose as much as 0.7 percent to 36,446.16 and the NSE Nifty 50 Index rose as much as 0.59 percent to 10,941.20.
Securities and Exchange Board of India (Sebi) regulator of capital markets has allowed foreign entities to participate in the commodity derivatives segment of stock exchanges for hedging their exposures.
The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth.
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