WTI Crude is up about 4 percent this year after topping $66 a barrel earlier in January, the highest since December 2014. Since then, prices have been oscillating in the $58- 64 per barrel for more than a month now.
India’s broad index, Nifty- 50 slid about 8 percent from the all- time highs of 11171.55 realized towards the end of January this year.
Nifty slid close to 3 percent for the week ending 10th February, extending its decline to more than 5 percent for the month on the back of a global slump in equities.
The Nifty rallied to fresh peaks last week to settle above 11,000, surging close to 2 percent for the week and 5.5 percent in January.
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