Indian equity markets nearly 1% lower on Monday after making sizeable gains the previous week, weighed down by losses in bank stocks, while a surge in oil prices stoked inflation fears.

Dear Trader…                          Snapping two day sharp rally, Indian equity markets ended the Monday’s trade in red terrain with a percent cut as continued conflict in Ukraine pushed oil prices higher. Crude prices past $110 a barrel mark, blowing fears of higher inflation. Markets made slightly positive opening as some support