Among the Sensex firms, ICICI Bank, HDFC Bank, HDFC, Mahindra & Mahindra, Bajaj Finserv, UltraTech Cement, Asian Paints and Tata Motors were the major laggards. Power Grid, Kotak Mahindra Bank, Maruti Suzuki India, Tech Mahindra, ITC and NTPC were among the winners. Meanwhile, global oil benchmark Brent crude climbed 0.91% to $77.54 a barrel. Since failure to reach a resolution will have catastrophic consequences for the global economy and markets, a resolution of the crisis at the eleventh hour is the most likely scenario. But markets will be on tenterhooks till then," said V. K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Source: The Hindu May 24, 2023 06:11 UTC