INSUBCONTINENT EXCLUSIVE:
Market live: Sensex gains were by Infosys, Vedanta and Larsen Toubro.
The stock markets started the week on Monday on a negative note, with the SP BSE Sensex dipping 56.31 points or
0.16 per cent to trade at 35,633.29 in early morning trade
The Nifty50 index fell 20.60 points or 0.19 per cent to trade at 10,807 mark
The domestic indices were down due to passive global cues
At 1:10 pm, Sensex was 123 points down and traded at 35,566.59
NSE Nifty, at the same time traded at 10,792.25
Asian shares also started today on a cautious note on escalating trade tensions between the United States and major economies
Oil prices gave up some of their hefty gains made after major producers agreed to a modest increase in production.Major gainers in the
Sensex pack in morning trade were Infosys, Vedanta Limited, Larsen Toubro, Mahindra Mahindra, Asian Paints and ONGC
Top laggards on the index were HeroMotoCorp, Tata Motors, Axis Bank, ICICI Bank, Yes Bank and Reliance Industries.Infosys, Sun Pharma, Bajaj
Finance, IDBI Bank, Reliance Communications and JP Associates were leading the pack of Nifty gainers while main losers on the index in the
morning session were Dr Reddy's and HDFC.Sectoral indices led by oil and gas, auto, banking, PSU banks, power and infrastructure stocks fell
on tariffs, along with the decision of the Organisation of Petroleum Exporting Countries(OPEC) to marginally increase oil production, would
drive the domestic equity market throughout this week
Progress in the monsoon rains and macro-economic data due later in the week would also give the market cues."In the absence of any major
trigger, global clues will continue to dominate market sentiments However, trading could be volatile as traders roll over positions in the
FO segment from the near month June 2018 series to July 2018 series
Tracking the technicals, Nifty managed to form a bullish engulfing candlestick pattern on the daily chart, indicating a positive bias for
much as 0.5 per cent in early trade while MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 per cent
Japan's Nikkei lost 0.4 per cent.Oil prices were supported after OPEC and non-OPEC producers agreed on a modest increase in oil production
from next month, without announcing a clear target for the output increase, leaving traders guessing how much more will actually be
pumped.OPEC and non-OPEC members said in their statement that they would raise supply by returning to 100 per cent compliance with
previously agreed output cuts, after months of underproduction.On Friday, stock markets closed on a positive note, with SP BSE Sensex
