Thursday, 12 April 2018



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Benchmarks closed with marginal gains on profit booking in oil & gas, bank, financial, energy, FMCG and utilities sectors despite higher Asian cues. Sentiment was also subdued on concerns that inflation worries could resurface on the back of rising crude oil prices.

Brent crude futures surged more than 3 percent on Tuesday to their highest since late 2014, at USD 71.34 a barrel. OMCs slumped following reports that the government is asking these firms to absorb price hikes. Investors are focusing on key domestic cues of retail inflation data and industrial production data due tomorrow and corporate results starting Friday.

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