Auto, cement stocks will be on investors' radar ahead of July sales

New Delhi : Shares of auto and cement companies will be in focus as companies from these two sectors announce July 2011 monthly sales volumes figures. State-owned oil marketing companies hiked jet fuel, or ATF, prices by a steep 2.7%, in line with firming rates in international markets. Aviation turbine fuel (ATF) price in Delhi has been hiked by Rs 1,520 per kilolitre (kl), or 2.69%, to Rs 57,844 per kl with effect from Sunday, 31 July 2011, midnight. Jet fuel accounts for over 50% of airlines' operating cost. State-run oil marketing companies--Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation revise jet fuel prices on the 1st and 16th of every month based on the average international crude price in the preceding fortnight.