On Friday, both the Nifty and the Sensex ended the trading day and week on a firm note. The Sensex jumped 1.08 percent and closed 827.57 points higher at 77,569.39 and the Nifty closed 244.10 points higher at 24,206.90. Until last week, market experts were upbeat and believed the West Asia conflict will not escalate again. However, many analysts are now following a cautious approach given the fresh escalation and are unsure of how the US-Iran situation will pan out in the days, weeks and months ahead.
