Crude oil futures fell by 0.83 percent to Rs 6,338 per barrel on the back of weakening Asian trade on profit bookings. Oil for August moved down by Rs 57 (0.90 percent) to Rs 6,305 per barrel.
SP Tulsian of sptulsian.com says, in an interview to CNBC-TV18, that the Nifty is not likely to fall below 5,800. Though he is not positive on the sugar segment, he favours all the major Tamil Nadu-based sugar stocks.