Stock Tips for Today
The market breadth, indicating the overall health of the market, was strong. On BSE, 918 shares gained and 393 shares fell. A total of 55 shares were unchanged.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus after petrol price was hiked by Rs 1.82 a litre, excluding local sales tax or VAT, with effect from midnight of Friday, 28 June 2013. Actual increase varies from city to city depending on local taxes. Petrol price in Delhi was hiked by Rs 2.19 per litre to Rs 68.58 as against Rs 66.39 earlier. In Mumbai, petrol price has been increased by Rs 2.30 to Rs 76.90 while in Kolkata rates went up from Rs 73.79 to Rs 76.10 per litre. In Chennai, prices were hiked by Rs 2.32 to Rs 71.72. The price hike was mainly due to depreciation of rupee against the dollar.
L&T Finance Holdings' board has approved the proposal to apply to the Reserve Bank of India (RBl) for obtaining a licence to set up a bank.
Videocon Industries after market hours on Friday, 28 June 2013, said that the company's board of directors has accorded approval to the proposal of the group for filing an application with Reserve Bank of India (RBI) for opening a bank.
The next major trigger for the markets is Q1 June 2013 results. India Inc. will start reporting Q1 June 2013 results from the second week of July 2013.
US stocks ended mostly weaker on Friday, 28 June 2013, but posted their strongest first half of any year since 1998 after reaching record highs in May supported by the Federal Reserve's massive monetary stimulus.
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