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Intraday Stock Tips NSE BSE

The BSE Sensex and NSE Nifty started off Monday business on a smooth observe due to deficiency of international and household hints. ONGC taken up 2% after the organization's net benefit hopped 48% in the first one fourth of FY13.

The BSE benchmark gained just 1.5 points at 17,558.31 while the NSE benchmark was down 1 point to 5,318.70.

Asian markets were flat; Shanghai and Kospi fell 0.4% while Hang Seng, Nikkei, Straits Times and Taiwan Weighted were flat.

Corporate News: -
Reliance Industries has slashed natural gas reserves in its main production gas fields in the Krishna Godavari basin D6 block by 70 per cent to 3.10 Trillion cubic feet (Tcf) due to unforeseen geological surprises.

The government would reallocate three coal blocks of NTPC to the state-run power utility within a month.
Disappointed IIP -1.8% in June, while hoping the steps announced by Finance Minister P Chidambaram would help in boosting growth.

ONGC is close to announcing a significant discovery near the Mumbai High fields, which may increase output in the region by 25,000 barrels per day.

JSW steel could face c;osure if mining does not resume soon due to severe shortage of mineral. The Supreme Court has banned all iron ore mining in the district of Bellary, Chitraadurga and Tumkur in July last year.

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