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Crude oil fell 3.4% after the group of oil-producing nations continued an accelerated revival of supply thats sent prices plunging. US equity-index futures dropped 0.5%, extending their decline after US President Donald Trump said he had no plans to talk to his Chinese counterpart this week. Theres no cash trading in Treasuries during the Asian day as Japan is closed for a holiday, along with markets in Hong Kong and mainland China.
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Manipal Hospitals, IHH Healthcare, and Blackstone-owned Quality Care India are among the frontrunners vying for Sahyadri Hospitals, Maharashtra's largest hospital chain, with bids ranging from 4,500-5,000 crore. Ontario Teachers Pension Plan Board is divesting the chain amid a wave of PE-led consolidation in India's rapidly growing healthcare sector, which is witnessing significant investment and expansion.
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Stocks such as HCL Tech, Coforge, Indian Oil, Reliance Industries, DLF, Godrej Properties, Bharti Airtel, Grasim, HDFC Bank, BEL, Abbott, CEAT, Navin Fluorine, and Bharat Dynamics are expected to show relative outperformance.
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