Spotlight: 7 largecap stocks market to focus on Monday
Sat, Jun 22, 2013 at 16:47
Stocks on Wall Street end mixed after a volatile session. For the week though Wall Street closed in the red clocking its worst weekly drop since mid April. Meanwhile, Indian equity benchmarks closed rangebound session with marginal gains on Friday, after previous day’s carnage on rupee depreciation. The BSE Sensex rose 54.95 points to close at 18774.24, after a 526 points fall in previous session. The NSE Nifty gained 11.75 points to finish at 5667.65.
Shares of Infosys, Bharti Airtel, Dr Reddys Labs and Maruti Suzuki rallied more than 2 percent.
Oil and Natural Gas Corporation (ONGC) shares rose 2.56 percent, after Deutsche Bank recommended buying the stock with a target price of Rs 395. Finance minister P Chidambaram after the CCEA meeting, said the cabinet would take up gas price issue in CCEA next week.
So, here are the stocks that are likely to be in focus next week.