“Support-based buying was seen at crucial support zones of 17,442 and held the index at higher zones. Now, it has to hold above 17,442 zones for an up move towards 17650 and 17,777 zones whereas supports are placed at 17,350 and 17,250 zones,” said Chandan Taparia of Motilal Oswal.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.