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Huge Gap-Down in Stocks, Nifty Falls 100-Pts

Market Watch

Stock markets fell across the globe and Crude oil prices tumbled as negotiations were not constructive. The Sensex fell over 300 points while Nifty fell below 11,620 down 92 points during mid-morning session.

Tata Motors, Yes Bank, UPL and Titan Company were among the top losers on Nifty, while BPCL. IOC and Bharti Airtel were among gainers.

ICICI Bank and Bharti Airtel will announce their earning numbers later in the day. ICICI stock down 0.62% to Rs399.25 per share whereas Bharti Airtel stock trade higher 0.59 percent at Rs.333.40 per share eparch.

In commodity markets, Brent crude declined 2.6pc to USD69/pbl. Oil marketing companies such as Indian Oil Corp trade higher by 1.34% while Bharat Petroleum up by 2.25%, HPCL up about 2percent

Shares of L&T Technology Services trades Rs.3.90 higher Rs1694.80per share after company on Friday reported rise in net profit 3.18% to Rs191.50-crore.