TODAY's MARKETS ROUNDUP
The S&P BSE Sensex rallied over 100 points in morning trade on Monday led by gains in Infosys, Tata Motors, RIL, TCS, ICICI bank, and HDFC.
Nifty could challenge the key break out level of 7,600. Alternatively, if 7,600 is able to hold such bearish attacks, and if a direct rise above 7,830 is expect, 8,100-8,300 could be in sight,” according to GeoJit technical reports.
TOP GAINERS
• Adani Ports (up 2.3 per cent)
• Tata Motors (up 1.7 per cent)
• Bharti Airtel (up 1.5 per cent)
• Dr Reddy's Laboratories (up 1.3 per cent)
• Infosys (up 1.1 per cent)
TOP LOSERS
• ITC (down 2.3 per cent)
• ONGC (down 0.3 per cent)
Crude dropped 4% on Friday: US crude futures fell $1.55, or 4 per cent, to $36.79 per barrel, logging 7 per cent loss for the week. Brent crude future, on the other hand, closed $1.68, or 4.1 per cent, lower at $39.09 a barrel. It fell 3 per cent for the week. Saudi Arabia will freeze its oil output only if Iran and other major producers do so, said Saudi Deputy Crown Prince Mohammed bin Salman, which triggered the fresh slump on the crude counter.
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