Nifty extends losses; ONGC up 3% on global oil price

The market continues to slide with all eyes on TCS March quarter earnings expected to be announced in the evening. The Sensex is down 100.28 points at 28699.41, and the Nifty is down 45.35 points at 8704.85. About 911 shares have advanced, 1516 shares declined, and 142 shares are unchanged.



ONGC is up 3 percent as oil prices touched 2015 highs. Oil prices jumped 5 percent overnight with Nymex rising to USD 56.4 per barrel. Other gainers include Hindalco, Tata Motors, Bharti Airtel and Tata Steel.



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Posted in: Indian Market Tips