Bullish momentum continues, but analysts warn of near-term resistance

Mumbai: Indian equity gauges, battered in March due to the Iran war, eked out gains for the second straight week Friday on expectations the recent overtures of peace by both Iran and the US would move beyond tokenism into durable peace for a region that slakes the energy thirst of the world's fastest-expanding major economy. Recent gains for the rupee, which last fiscal ended up with the wooden spoon among Asian peers against the dollar, and expectations of further reduction in oil prices booste...