Auto Sector

Brent crude fell 16 cents to $77.28 per barrel.

Dollar Index came down by 0.07%.

The deal was that ONCG would get 20% oil from the field, in which it holds 20% stake.

Likely to paint a bright picture

Profit booking dominated in the last 2 hours.

All round performance likely during the quarter

The Rs 3200 crore IPO includes fresh issue worth Rs 1,400 crore and an OFS up to Rs 1,800 crore.`

ABFRL has announced that it has entered into definite agreements to acquire TCNS Clothing. Acquisition would help ABFRL bridge a gap in its current portfolio with addition of strong brands in the Women’s Ethnic Wear category.

Agchem supplies for generic products continued to surge from China, resulting in price corrections in 10-30% range.

Recommendation: Buy; Target Price: Rs 2700