Brent crude futures climbed 58 cents, or 0.76 per cent, to close at $76.51 a barrel.
Oil prices ended the week with gains on Friday, supported by expectations of additional economic stimulus in China and lower US interest rates.
Also, the defence ministry’s focus on modernisation, new technologies, and exports, along with the concentration of orders in the fourth quarter (Q4) of 2024-25 and long-term growth opportunities from indigenisation, are expected to strengthen the revenue and earnings potential of India’s defence sector.
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