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Post-open Outlook(26-06-2014)

As disappointing decision of deferring Gas price revision for 3 months by Govt. yesterday therefore heavyweight RIL,ONGC and other oil stocks are 2.5% to 5.5% down but benchmark Indices are minor down. Although Indian markets are Bullish but certainly this news is surprising because high expectations from Modi Government and market reaction has to be firstly understood and then final view will be formed accordingly.