jumped nearly 6% after posting a 21% year-on-year rise in consolidated net profit in the March quarter. The stock was in an overbought zone. [nL4N36U145]in the U.S. heightened concerns of a potential recession in the near term. Asian markets were mostly lower.
The slide in crude oil prices below $80 per barrel and the return of foreign institutional buying in Indian equities will act as positive catalysts for the domestic market, amid weak global cues, two analysts said.
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