According to the report, Sensex growth is expected to be largely contributed by banks. "Among other Sensex companies, Cipla, BHEL, ONGC, HDFC Bank and Bharti are expected to be the key growth drivers. On the other hand, Tata Steel, GAIL, Sun Pharma and L&T are expected to drag down growth," the report said.
terminal in Chennai: BS-HC asks Centre to resume gas supply to Deepak Fertilizers-IDBI in refinance deal with Mudra Bank-Hindalco seeking refinance debt worth Rs 15,000 crore: BS-Power Grid plans to raise Rs
The combined market valuation of eight of the top-10 most valued Sensex firms rose by Rs 25,217.48 crore last week. While TCS, RIL, HDFC Bank, CIL, ITC, Sun Pharma, HDFC and SBI made gains in their market capitalisation (m-cap) for the week ended Friday (July 3), ONGC and Infosys saw erosion in their valuations.
, if the attack on black money that the NDA is engineering results in flow of funds out of real estate into the financial system, these sorts of banks with mid-20s CASA are natural beneficiaries.The second area
There will be no subsidy burden on ONGC till crude oil is at or below USD 60 per barrel. ONGC will have to pay 85 percent of incremental price above USD 60/ bbl as subsidy if crude is between USD 60-100 per barrel.
Hindalco Industries | Idea Cellular | Bharti Airtel | Tourism Finance Corporation | GAIL | Praksh Industries | Premier Explosives | IIFL Holdings | Phoenix Lamps | Dish TV | Astral Poly Technik | IL&FS Engineering | DB Realty and Essar Oil are stocks, which are in the news today.