STOCKS TO WATCH

ONGC and Reliance Industries will see an uptick as the Cabinet Committee for Economic Affairs approved the proposal to hike the natural gas price to USD 8.4 per mmbtu from April 1, 2014. On the other hand, power and fertiliser companies will react negatively to this development. National Fertiliser Ltd (NFL) will see some price action as CCEA approved disinvestment of 7.6 per cent of government stake. Airtel may see some red after the company lost to Telenor in the Myanmar telecom licence race. Indian Hotels may see some negative price action as the company may lose first right of refusal on Taj Mansingh hotel.