Sensex ends lower; govt schemes in focus.
At Rs 470,000 for the base petrol variant, Tigor is now the cheapest compact sedan in the country
The government is scheduled to release index of industrial growth for November and consumer price inflation for December later today.
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
It is believed that Tata Sons was unhappy with Mistry's approach of shedding non-profit businesses, including the conglomerate's steel business in Europe, and concentrating only on cash cows
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
Audi India launched the second generation 2016 Audi R8 at the show.
Firms to find alternative export routes or face increased trade barriers
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
The BSE Sensex moved up 103 points to 35,319.35, while the wider NSE Nifty finished at 10,741.70, up 23.90 points.
The S&P BSE Sensex surged 160 points to close at 25,262.
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
Prime Minister Narendra Modi on Saturday inaugurated a memorial in London dedicated to Dr B R Ambedkar over two months after India acquired the bungalow where the Dalit icon and architect of India's Constitution lived as a student in the 1920s.
Prime Minister Narendra Modi on Friday said bilateral cooperation in defence manufacturing would be the "prime focus" of his visit to the United Kingdom.
The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
Experts attribute the high valuation of Indian auto makers to the faster growth in India compared to the rest of the world.
Markets closed the day in green on favourable domestic factors,
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
The broader markets are outperforming the benchmark indices.
In one of the biggest deals in the outsourced product development (OPD) market, audio and infotainment systems maker Harman International Industries will buy Indian-born serial entrepreneur Romesh Wadhwani's Symphony Teleca for $780 million (about Rs 4,800 crore at Friday's exchange rate of 61.4).
Ratan Tata was the first one to realise that Indian companies had become a prisoner to tradition and needed to radically innovate.
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
Leverage ratio falls to under 1; but group heavily dependent on TCS & Tata Motors.
RIL is also more profitable than Tata Motors.
Broader markets outperformed with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
'The coronavirus epidemic highlights the need to start thinking more actively about multilateral coordination, including, but not confined to, health emergencies and climate uncertainties,' says Rathin Roy.
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
Sensex seems to be under pressure on weak cues.
Motherson Sumi, Tata Steel, Jaguar Land Rover will face higher cost.
Sensex may remain under pressure this week due to weak global factors.
23 Nifty companies reported an annual decline in net profit.
The broader Nifty, after touching a high (intra-day) of 10,555.50 points, finished at 10,539.75, up 84.80 points, or 0.81 per cent.
Some investors warned of a coming British or even global recession as sterling collapsed to hit its lowest since 1985.
The challenges of transition to stricter emission norm BS-VI from BS-IV and compliance to new safety norms thereby making vehicles costlier are lurking around the sector.
Seeking to strengthen Indo-UK economic ties, Prime Minister Narendra Modi on Thursday arrived in Britain on his first visit to the country during which he will have a hectic schedule that will start with talks with his British counterpart David Cameron.
