Epic Update : Nifty below 5600

Epic Update : BSE Sensex maintains momentum

The market is still maintaining momentum as the Sensex manages to hold gains. The 30-share BSE index is up 184.80 points at 18736.92, and the Nifty is at 5645.90, up 57.20 points.
 
Epic Update : Oil India

The gas price hike slightly more than we expected
Move will encourage company to take more aggressive exploration
Have lined up close to USD 4 billion in investment in 12th plan.
 
Epic Update : IOC

Latest hike due to further rupee depreciation
Current loss on sale of retail diesel at Rs 8.60/litre
Current loss on sale of kerosene at Rs 30.53/litre
Loss on sale of subsidised LPG at Rs 368.50/cylinder
Estimate under-recovery at Rs 63,000 crore for FY14
Estimate FY14 industry under-recovery at Rs 1.18 lakh crore.
 
Epic Update : Future Retail

Future Retail shares gained more than 8 percent. Future Ventures and Pantaloon Fashion are likely to be listed this week.
 
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