INDIAN MARKET STATUS
The S&P BSE Sensex pared most gains after jumping over 200 points in early morning trade led by gains in Infosys, Adani Ports, Lupin, ITC and Bharti Airtel.

The 50-share Nifty50 traded around its crucial psychological level of 7,900 supported by gains in IT, FMCG, pharma and realty.

The top gainers on the Sensex
INFOSYS (6.2%)
LUPIN (1.7%)
ITC (1.6%)
WIPRO (1.2%)
ASIAN PAINTS (0.9%)

The top losers on the Sensex
ONGC (2.9%)
SBI (2.3%)
TCS (2.0%)
ICICI BANK (2.0%)
DR. REDDY'S LAB (1.7%)

Citi is forecasting declining supply from some producers, such as Venezuela and Nigeria, while inventories may finally see some drawdowns. For the third quarter, Citi now forecasts Brent at USD 46 a barrel and WTI at USD 45, up from its previous forecasts of USD 41 and USD 40, respectively. For the fourth quarter, it held its forecasts steady at USD 52 a barrel for Brent and USD 50 for WTI.

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