NEW DELHI: Indian stocks started the F&O expiry week on a bearish note on Monday, as jitters over a possible spike in crude oil prices on US plan to end all sanction waivers on Iran oil imports dampened mood Dalal Street in morning trade.Crude oil prices rallied nearly 3 per cent on Monday to levels not seen since November 2018. Analysts said the quarterly profit spike was already baked in the stock price. "We expect Nifty to sustain above last week’s low of 11,648, and eventually head towards the 12,100 level in the coming weeks. Other losers included Reliance Industries, YES Bank, Asian Paints and Axis Bank.TCS and Infosys were the biggest contributors to index gain. The biggest loser was BSE Oil & Gas index, which shed 2.02 per cent on the back of soaring oil prices.

Source: Economic Times April 22, 2019 04:08 UTC