The session was marked by volatility and stock-specific action, even as the overall sentiment remains risk-averse, brokers said.
The market breadth, indicating the overall health of the market was strong
There were more than three losers against every gainer on BSE
Hindustan Motors of the CK Birla group today sprung a surprise by launching, what it claimed, the first Chinese vehicle in India.
Recently, Suzuki Motor Corp (SMC) in an investor presentation expressed strong intent to enter the electric vehicle (EV) space. This is part of a larger strategy the Hamamatsu-based firm has drawn up in developing electrification of technologies as it seeks to achieve carbon neutrality. The significance of this presentation is that it marked the first time that the Japanese carmaker spelt out its EV strategy with well-defined timelines. SMC plans to develop electrification technologies by 2025, fully implement them in products from the same year, and make a full-scale quantitative increase from 2030.
China accounts for 90% of imports of mobile phones to India.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
The nominees are Congresswoman Deb Haaland as Secretary of Interior, Jennifer Granholm as Energy Secretary, Michael Regan as administrator for Environmental Protection Agency and Brenda Mallory as Chair of the Council of the Council on Environmental Quality.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
Both benchmark indices were driven by strong gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.
The internals of the food inflation are worrying, given a broad-based uptick across categories that tend to be sticky, such as proteins, and a narrower-than-expected reduction in inflation for vegetables.
GM will join a very short list of S&P 500 companies, including Hershey Co and American Water Works Co, with women serving as CEO and CFO.
Presenting some of the coolest health and well-being devices we spotted at the ongoing Consumer Electronics Show in Las Vegas, US.
With a massive 108 megapixel camera and bezel-less wrap around display, Xiaomi's Mi Mix Alpha comes in a protective glass body that may tempt you to own it. But is it worth the price?
Investors will maintain a cautious stance.
The biggest losers of the session include Reliance, Infosys, TCS, ICICI Bank, HDFC twins, ITC, Maruti, L&T, HUL, Axis Bank, Wipro and IndusInd Bank, cracking up to 4 per cent.
Among sectoral indices, telecom led the chart, spurting 3.08 per cent, followed by oil and gas.
The Honda City is an iconic brand for the Japanese carmaker
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
With the automobile marking booming in India, vehicle makers are likely to set base here.
The wider NSE Nifty too slipped from record but managed to close above the crucial 11,550 mark at 11,557.10 points, down 25.65 points or 0.22 per cent.
The repo rate, at which the central bank lends to the system, will come down to 5.75 per cent after the cut.
ICICI Bank topped the Sensex gainers' chart, spurting 5.09 per cent, followed by L&T, Bharti Airtel, Vedanta and Tata Motors, rising up to 4.60 per cent.
lobal output returning to its medium-term growth rate of 4 per cent
Sensex,Nifty to remain under pressure through the week.
Auto and realty shares were among the top Sensex gainers.
Index heavyweights were the top losers along with bank shares.
'There is no need to do anything, let your SIPs get deducted every month, and stick to your allocation between equity, fixed income and emergency funds and your risk covers.'
In the Sensex pack, ICICI Bank emerged as the top gainer by rising 0.97 per cent, while Tata Steel advanced 0.92 per cent.
India's economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter of the 2020-21 fiscal (April 2020 to March 2021) as the coronavirus lockdown pummelled economic activity.
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
With disposable incomes rising and more and more people aspiring to own cars, global auto majors want to grab a share of the market.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
The GM-SAIC tie up follows GM India-Reva collaboration to launch electric vehicles in the market.
The auto major is eyeing 20 per cent of the compact SUV market with the petrol and diesel variants of the XUV300, reports Shally Seth Mohile.
Dairies, milk plants, grocery shops, chemists and petrol pumps, ATMs, e-commerce services of essential items like food and medicines will remain open, he said.
EV players suggest a reduction in the goods and services tax on batteries from 18 to 5 per cent as it would help push demand.
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