We are starting the week with positive cues as far as the global markets are concerned. Equity markets have continued to remain quite resilient despite all the worries.Cues from global markets were very strong on Friday, with Nasdaq up almost 2 percent. However, in the Indian markets, the joker in the pack continued to emain crude oil prices, which gained further traction. Both benchmark titles, WTI and brent crude futures, have now seen five straight weekly gains, which continues to put pressure as far as Indian markets are concerned.Last week, Indian markets witnessed profit booking from higher levels, especially financials and IT, who were among the laggards in the week gone by. Our broader markets continue to stay relative outperformers.On Friday, IT and financial stocks witness selling pressure, with Infosys, TCS were among the top laggards. Indian markets snapped their four-week gaining streak.

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31 Jul 2023