DSIJ Mindshare

The prices have accelerated by 10 per cent in the previous two weeks due to weak US dollar and lower US crude inventories.

Indian markets are expected to open with a sharp fall following sell-off in the global markets after Trump’s decision to impose tariffs on as much as $60 billion worth of Chinese goods imports, while China responded with retaliatory tariffs of $3 bn on 128 US products,  triggering a trade war between the two countries. The SGX Nifty is pointing to a gap-down opening, and Nifty is expected to open below the important psychological mark of 10,000.   

The level of 10,040-10,000 will be crucial for the Nifty as a decisive move below this level would trigger further sell-off, which may take Nifty towards the level of 9,930. 

The stocks that are likely to witness significant movement on the bourses on Friday, March 23, 2018 are L&T Technology Services Limited, Dilip Buildcon Limited, JSW Energy Limited, Infosys Limited and Alankit Limited.     

EPC major Dilip Buildcon announced on Thursday that the company has bagged a new EPC Project worth Rs. 677.07 crore in the state of Uttar Pradesh.