DSIJ Mindshare

The Organization of Petroleum Exporting Countries (OPEC) will hold a meeting on Tuesday, July 2 with its allies and Russia to decide on a production cut. Market participants are expecting that OPEC will decide to extend the oil production cut for another nine months period.

Overall volumes in futures & options currently stand at 83,76,552 contracts with a turnover of Rs.5,91,774.05 crore.

The rating company's board has placed ICRA's Managing Director and Chief Executive Officer Naresh Takkar under forced leave with immediate effect. The stock reacted strongly to the development and slipped by more than 5 per cent in the morning session on Tuesday.

Overall volumes in futures & options currently stand at 83,76,552 contracts with a turnover of Rs.5,91,774.05 crore.

The last week’s high of 11,911 is likely to act as an immediate hurdle, followed by the 12,000 level. On the downside, Monday’s session low of 11,830 is likely to act as an immediate support. Stocks in news: Cox & Kings, ONGC, Shree Rama Newsprint, Vikas WSP, Karnataka Bank, HCL Technologies, Apollo Pipes, Prakash Industries, Bharti Airtel, Nitin Spinners.