'When fund managers talk of being bullish for the long term, they assume strong economic growth.' 'That is what they have assumed every year, naively believing the pronouncements and promises of ministers.' 'Unfortunately, they have been wrong year after year,' observes Debashis Basu, editor, www.moneylife.in.
After winning accolades for its 'Kerala model' of combating the contagion about a year ago, the state is now seeing daily fresh cases between 12,000 to 15,000 with no end in sight to the 'prolonged surge', as some experts put it.
RIL is also more profitable than Tata Motors.
While FIIs have pumped in nearly Rs 17,000 crore, MFs have been net buyers to the tune of Rs 9,000 crore.
While Vedanta was the biggest gainer in the Sensex pack rallying 4.67 per cent, others included Tata Steel, ONGC, NTPC, Yes Bank, Infosys, Sun Pharma, Bharti Airtel, SBI, Bajaj Finance, L&T and RIL, rising up to 4.13 per cent.
The new models will debut in India for the first time and will consist of hatchbacks, sedans, multi-utility vehicles and passenger vans under the Chevrolet and GM-SAIC-Wuling banner.
Hyundai has started to build one of two new factories planned for China.
Besides the manufacturing industry, voices in favouring the need for protectionism have also been heard from local start-ups, which at times find it tough to compete with global players that entered India with deep pockets.
Yes Bank was the top gainer in the Sensex pack, surging 3.76 per cent, followed by SBI at 3.18 per cent.
Sustained FII inflows and fresh spell of buying by domestic institutional investors fuelled the rally
The Grand i10 gets Hyundai's new Fluidic styling and details.
Auto stocks led the rally with Tata Motors, Hero MotoCorp and Maruti Suzuki leading the gains.
Bucking the overall downtrend, shares of RIL rallied nearly 10 per cent, capping the Sensex loss to a large extent.
The broader markets were also in top gear, with the BSE midcap index surging by 2.1% at 11,431 and the smallcap index gaining 1.4% at 11,735.
Oil & gas, banks and auto shares weigh on investor sentiments, IT stocks buck trend.
It's cheaper than Ertiga and Innova and features more legroom than the two.
Reliance Industries, Infosys and Tata Motors were the top contributors
'The Modi government is about privatising profits and nationalising losses.'
As global economies contract because of the Covid-19 pandemic, the focus of most of the India Inc has now moved back to the home market where demand is expected to pick substantially from the coming festival season.
Indian-American Raj Nair, executive vice president and president of Ford North America, has been asked to leave the Detroit-based motor company following allegations of misconduct at work place, has been replaced by another Indian-American, Kumar Galhotra.
The wider NSE Nifty too fell by 61.40 points or 0.57 per cent to end at 10,618.25.
'Both Japan and China face a common challenge: How to deal with Trump.' 'The trade war with the US seems to have facilitated/hastened Abe's China visit, the first by a Japanese prime minister since 2011,' points out Dr Rajaram Panda.
The BSE 30-share index after a positive opening stretched to 31,772.41, but could not stay there for long buffeted by the selling pressure. It hit a low of 31,562.25 before settling lower by 79.68 points, or 0.25 per cent, at 31,592.03.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
Japanese auto major Honda Siel Cars India (HSCI), which recently forayed into the intensely competitive small car segment with the Brio, has brought an old hand on deck to grow operations aggressively in the Indian market.
Business is growing fast and continues to draw investment, but making big bucks in a country smitten with small cars won't be easy.
The warning late on Wednesday came as a surprise given Tata shares hit a record high earlier this month on a rally sparked by expectations for improving sales at JLR, especially in the key China market, and optimism about the launch of new models.
This group consists of highly desirable buyers who would be coveted by any manufacturer.
After a positive opening, the 30-share BSE Sensex suddenly faced selling pressure in late-afternoon trade. It finally settled just 5.67 points, or 0.01 per cent, lower at 39,586.41.
The broader NSE Nifty too reclaimed the key 11,500-mark. It touched a high of 11,562.25, before finally settling at 11,536.90, showing a gain of 59.95 points, or 0.52 per cent.
Production of the 125 cc motorcycle has started in an assembly plant in China, putting the country's second-largest maker a step ahead of competitor Hero Honda, which is also working on a motorcycle reportedly between the Rs 17,000 and Rs 20,000 price point.
Noida SEZ has 400 units and around 100,000 workers, and was shut down on March 23.
It expects the Indian market to grow to 10 million units annually by 2030 and it intends to control half the market then, like it does now.
Hit hard by volatility in yarn prices, 50% of the looms said to be operating only 3-4 days a week.
Sector-wise, pharmaceuticals, transport equipment and textiles will help accelerate overall export growth.
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
Chinese blast has Tata Motors reporting Rs 430 cr net loss.
Nanjing Automobile Corporation, the Chinese owner of the failed British MG Rover torque, is set to revive the famous brand in China with the government approving the package, the state media reported on Monday.
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