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Estimates suggest that oil prices could reach $120 a barrel by the end of this year.
Rising asset prices are encouraging the affluent to spend more on travel.
Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for Granules India. The stock has surged over 5 per cent so far this week. This confirms a pennant pattern on the chart.
Valuation is becoming more attractive for AMD stock as the price declines.