Indian equities on Monday are likely to remain range bound in absence of any trigger, there are few quarterly results today but they are not significant enough to have impact on the market, however high crude price could be negative for market.

The BSE Sensex plunged 456 points led by discouraging IIP numbers, soaring inflation and heavy selling pressure in index heavyweights. IT, Consumer Goods, Realty, Power, FMCG stocks led the fall. The 30-share index, Sensex belled the day on a positive note, supported by Infosys` results.

P.K. Agarwal, president research, Bonanza Portfolio said, ``Indian markets traded flat today during the early part. After lower than expected inflation data came, some buying interest was seen, Nifty touched 4,215. But after poor Industrial growth numbers came, sell off was seen in the market. Nifty went to low of 4,014 and closed at 4,049. Profit booking after Infosys results in IT took the sector down, Banking was another losing sector. BPCL, Satyam, TCS and Infosys were among the losers. Although Nalco, Hindalco, Cairn, Sterlite & Non-Ferrous stocks were among the gainers. Markets are likely to remain volatile during the next week. On Monday markets are likely to trade in the range of 4,000-4,160.``

Asian market advanced in the initial session of trade on Monday (July 14) following the upbeat mood led by steelmakers and energy companies, after Posco increased its profit estimates and after crude oil crossed USD 147 barrel. Posco touched two months high. Japan`s largest trading company Mitsubishi gained after oil touches new high. Japanese benchmark index Nikkei rose 146.21 points, or 1.12%, to trade at 13,185.90. Hong Kong`s index Hang Seng rose 145.98 points, or 0.66%, to settle at 22,330.53. China`s Shanghai Composite rose 10.24 points, or 0.36%, to trade at 2,866.87. Taiwan`s Taiex index lost 21.33 points, or 0.29%, to trade at 7,223.43. South Korea`s Kospi index rose 13.14 points, or 0.84%, to trade at 1,580.65. Singapore`s Straits Times rose 7.83 points, or 0.27%, to trade at 2,919.01.

U.S. stocks fell for a sixth week, sending the Standard & Poor`s 500 Index into a bear market, as fuel prices climbed to records and investors speculated Fannie Mae and Freddie Mac won`t survive the mortgage crisis. The Dow average fell 1.7 percent to 11,100.54 for its fourth weekly drop. The MSCI World Index of 23 developed markets fell 1.1 percent to 1345.47, entering a bear market.

Oil prices climbed on Friday (July 11) on concerns over possible supply disruptions in two major oil-producing nations, Nigeria and Brazil. Light sweet crude for August delivery rose USD 3.43 to settle at USD 145.08 a barrel on the New York Mercantile Exchange (NYMEX). Gasoline futures rose 5.23 cents to settle at USD 3.5632 a gallon. The retail price of a gallon of regular gas stood at USD 4.096 a gallon. Heating oil futures rose 3.92 cents to settle at USD 4.0766 a gallon at the NYMEX. In London, Brent crude futures rose USD 2.46 to settle at USD 144.49 a barrel on the ICE Futures exchange. Natural gas futures fell 39.6 cents to USD 11.904 per 1,000 cubic feet.

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