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Brent crude futures slid 48 cents, or 0.6%, to $75.43 a barrel by 0039 GMT, while U.S. West Texas Intermediate crude futures dropped 52 cents, or 0.7%, to $69.44 a barrel.

Biden team weighs a massive release of oil to combat inflation

The total release may be as much as 180 million barrels, the people said, speaking on condition of anonymity ahead of an official move.

Iran creates uncertainty in oil market

Iran has said it could increase exports by a million barrels a day, but analysts have been skeptical and see it adding less output. However, Iran also has an estimated 50 million barrels of crude on tankers that could be sent to global markets quickly.

Don't expect Nifty to slide below 8,300 this series:Agarwal

Technical analyst, Shubham Agarwal, Head-Technical Research at Motilal Oswal Securities spoke with Reema Tendulkar and Sonia Shenoy of CNBC-TV18. He shared his reading and outlook on the market and also gave recommendations on various stocks.

F&O: ICICI Direct sees Nifty at 6200 in next 2 months

Amit Gupta of ICICI Direct says in this series whenever Nifty sees any intermediate profit booking for one or two sessions, one should ride the Put options rather than panicking and looking for an upward target.

F&O: Won't long Nifty now; buy Axis Bank, says HDFC Sec

VK Sharma of HDFC Securities believes that the Nifty has great support around 5,930 levels.

Long Bank Nifty above 11800; positive on Infosys: HDFC Sec

VK Sharma of HDFC Securities believes that the conviction is lacking for the Bank Nifty to do well. So it has to close above 11,800. Also, Infosys may see levels of Rs 3,400 onwards in next six months.

F&O cues: Stay cautious, sell on rise, says HDFC Securities

VK Sharma of HDFC Securities believes that unless Nifty closes above 5,920, traders should sell on every rally.

Negatively biased on Nifty, short at 5900: Angel Broking

Siddharth Bhamre of Angel Broking believes that for some time to come, market maybe in a range where 5,900-5,950 would be a good resistance and you would find some support around 5,700-5,680.

Nifty may see 5900 again, stay invested: Aditya Birla Money

Hemant Thukral, National Head-Derivative Desk of Aditya Birla Money believes that 5,750 will act as a very strong support for Nifty on the downside. He also suggests to continue holding long positions on Nifty or to to re-enter around 5,810-5,815 if one has booked profits.

Nifty to hover in 200 points range for few days: Edelweiss

Atul Badkar of Edelweiss Securities believes that one can think of going long for maybe a percent or one and a half percent on Nifty if it closes above 5,875.

F&O Cues: HSBC Invest expects some short covering today

Karun Mutha of HSBC Invest Direct believes VIX has an inverse relationship with the markets. As it continues to slide, the market will move up.

Nifty may close this series above 5600: ICICI Direct

Amit Gupta of ICICI Direct believes that Nifty will not go below 5,550 in this expiry. It would close current series around 5650-5670 levels.

Upside for Nifty capped at 6000 in near-term: ICICI Direct

Amit Gupta of ICICI Direct believes that 5,630-5,650 is a critical support for Nifty.

Nifty unlikely to cross 6000 in June series: Angel Broking

Siddharth Bhamre of Angel Broking believes that till expiry, this market will remain in a range. He further says that, "5,950 level that has acted as a good support before, on Nifty, may act as a resistance and the lows formed recently around 5,680 would be a support".

5630 critical for mkt, unwind short positions: ICICI Direct

Amit Gupta, Head- Derivatives at ICICI Direct believes that 5,630 remains very critical level for Nifty and one should start unwinding short positions in the market near this level.

Nifty to hover in 5840-6150 for few weeks: ICICI Direct

On the downside, the Nifty won't break 5840-50 and the upside for June series is seen capped at 6150, says Amit Gupta of ICICI Direct.

Key resistance for Nifty at 6020-6040: Aditya Birla Money

The Nifty is likely to see some consolidation for two-three sessions before it breaks 6020-6040 on the upside. The downside is capped at 5930-5950, says Hemant Thukral of Aditya Birla Money.

Nifty to consolidate; go long above 6200: ICICI Direct

Amit Gupta of ICICI Direct feels that 6,200 Call option will remain a critical resistance for Nifty. One should wait for some profit bookings to reenter from lower levels.

Nifty heading to 6050, start booking profits: ICICI Direct

In an interview to CNBC-TV18, Amit Gupta of ICICI Direct shared his outlook on the market.

Don't short Nifty at current levels: Angel Broking

In an interview to CNBC-TV18, Siddharth Bhamre of Angel Broking spoke about the outlook for F&O market and his perspective on various stocks.

Key resistance for Nifty at 5950 in May: Hemant Thukral

In an interview to CNBC-TV18, Hemant Thukral, National Head-Derivative Desk at Aditya Birla Money shared outlook on the market.

Opt stock specific strategy than buying index: Expert

In an interview to CNBC-TV18, Siddharth Bhamre of Angel Broking shared his outlook on the F&O market and recommendations on various stocks.

Expect to see stock specific recovery: ICICI Direct

In an interview to CNBC-TV18, Amit Gupta of ICICI Direct shared outlook on the F&O market and recommendations on various stocks.

Nifty rebound unlikely; may even test 5320: PhillipCapital

The probability of the Nifty declining further from current level is quite high, feels Vineet Bhatnagar, Managing Director, PhillipCapital. If the Nifty falls below 5550, it could slide all the way to 5320 this month, he said in an interview to CNBC-TV18.