With 15% customs duty hike on locally assembled vehicles, it is cheaper to import from Thailand, says India MD
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
Both are focused on the overall transportation business, in which taxi services are only a part; the extended ambit includes autos, motorbikes, cycles, electric vehicles, water transport as well as food delivery services, says Surajeet Das Gupta.
The breadth was neutral with 1,329 advances and 1,320 declines.
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
Markets closed in the red on domestic worries.
The domestic car sales volume of the company is also growing at 15%
Sensex climbs higher at close, bluechip stocks in focus.
Of these 26, Bajaj Finance, Associated Alcohols and Breweries, Garware Technologies, Filatex India, Tasty Bite Eatables, Aarti Industries and GMM Pfaudler saw an over 10-fold surge in price since 2014.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Check out some of the stocks that will react on the basis of their numbers in the near term.
Custodian banks are selling dollars for their foreign fund clients.
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
Auto and realty shares were among the top Sensex gainers.
Investors have kept their eyes on US-China trade talks and are optimistic about a positive outcome.
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
To save promoters from 10% levy, 70 firms call board meetings on interim pay.
Some big ones hoard cash unduly and others borrow to keep up payments to shareholders
The Sensex has slid 18.5 per cent from its January 2015 peak.
Software giant Wipro's Azim Premji donated Rs 9,713 crore or Rs 27 crore a day to retain his top rank among Indian philanthropists in FY21. Premji, the founder chairman of the company, increased his donation by nearly a fourth during the pandemic year, as per the Edelgive Hurun India Philanthropy List 2021, which had HCL's Shiv Nadar at second place with contributions of Rs 1,263 crore towards upliftment causes. Mukesh Ambani of Reliance Industries, India's richest man, came third on the list with a Rs 577 crore contribution and was succeeded by Kumar Mangalam Birla with Rs 377 crore.
'After multiple days of losses, any relief rally is welcome. However, the trend hasn't changed.'
Sensex gained over 100 points and ended at 26147.33 while the Nifty ended 27 points higher at 7,795.75.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
Top losers include ONGC, SBI, PowerGrid, L&T, Yes Bank, Asian Paints, Bajaj Finance, Maruti and NTPC, falling up to 2.84 per cent. On the other hand, gainers include Tata Motors, TCS, HDFC, HCL Tech, Infosys, ITC, HDFC Bank and HUL, rising up to 2.18 per cent.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
The 50-share NSE Nifty ended up 37.05 points, or 0.36 per cent, at 10,397.45 points
As a tech services company, Ola has never been in hardcore manufacturing. And unlike in ride hailing, which is a two-player market (Uber is the only other competitor), in two-wheelers it faces many entrenched players. But most of all, rivals say Ola's targets are out of sync with most, even ambitious, projections.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
The partnership will look to expand Ford's reach in the fast-growing Indian market and improve M&M's access to global markets
Investors with high risk appetite must stay invested while risk-averse investors can consider profit booking.
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.
Maruti, Hyundai, Tata Motors, Mahindra & Mahindra and Honda saw their passenger vehicle sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline.
'Sectors that had been left out till now will also start participating in the rally.'
Gains were led by index heavyweights Reliance Industries and Infosys.
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
