Pharma,
telecom stocks and index heavyweights ITC, Reliance Industries and HDFC led
gains for key benchmark indices. Benchmark indices surged towards the fag end
of the trading session after moving in a narrow range during most part of the
trading session. The upmove for key indices in late trade materialised as
European stocks reversed initial losses and trading in US index futures
indicated a firm opening of US stocks later in the global day. European stocks
reversed initial losses after a Greek newspaper reported that last-minute
efforts aimed at bringing Greece and its creditors back to the negotiating
table are underway. Negotiations between Greece and its creditors collapsed
over the weekend after Greece's Prime Minister Alexis Tsipras on Friday, 26
June 2015, unexpectedly called for a referendum on whether to accept reform
measures demanded by the country's lenders.
STOCKS TO WATCH
TITAN:
Buy TITAN above 360 stocks may show 375-380
in coming days.
ITC:
Buy ITC above 310 stock may show 320/330 in
coming days. Below 310 major resistances will be 303.
SBIN:
Buy SBIN as remain above 263 stock may show
280/290 level in coming days, below 263 major support 254.
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