Stock Market LIVE Updates: Indian equity benchmarks Sensex and Nifty50 made a gap-down start on Monday amid a sell-off across global markets, as warnings Russia could invade Ukraine at any time sent oil to a seven-year high.
Crude oil prices seem to be reaching levels to the tune of $100 per barrel.
David Lennox, Analyst at Fat Prophets, believes that oil prices – just on the demand and supply circumstances – would be pushed to the $100 per barrel mark in the next 2-3 months.
Rahul Sharma, Head of Technicals and Derivatives Research at JM Financial, says Adani Enterprises remains the top pick on the delivery side.
Sharma sees the possibility of a 25-30 percent return on Adani Enterprises from the current levels.