Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
Market linking of petrol and diesel prices has helped the industry.
Snapdeal's rival Flipkart had last announced its GMV in March this year -- $1 billion. Many rounds of funding later, sources estimate Flipkart's GMV at about $3 billion, a figure Snapdeal is trying to catch up with.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Banking and real estate stocks rise up to 5% on further rate-cut hope.
During April, Maruti Suzuki India's domestic car sales were up 2.72 per cent at 86,481 units, as against 84,188 units in the same month last year.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
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Shedding its gains from Monday, NIkkei has declined around 0.7% while Hang Seng and Shanghai Composite were trading marginally lower.
Demand for passenger vehicles has been driven by new models, especially in the SUV category with the likes of Maruti Vitara Brezza and Hyundai Creta clocking good numbers
Sales of commercial vehicles were up 11.45 per cent to 56,840 units in December 2015.
And it's a strategy that seems to have paid off. Online booking for the motorcycle has been temporarily halted given the huge waiting list of buyers. Orders are still being taken at the dealerships, but the earliest one can expect a delivery is by the end of 2019, reports T E Narasimhan.
According to the data released by Society of Indian Automobile Manufacturers (SIAM), domestic car sales in October this year stood at 1,59,036 units as compared to 1,63,199 units in the same month of 2013.
Sales of commercial vehicles rose 8.59 per cent to 56,140 units in September, SIAM said.
On a weekly basis, the Sensex climbed 749.86 points or 2.69 per cent and the NSE Nifty soared 237.10 points or 2.76 per cent
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
With no signs of economic revival under the current political circumstances, SIAM said it expected a turnaround in the fortune of the auto industry only after a new government is formed after the general elections next year.
Urban and rural FMCG sales growth data for the last five quarters show the latter outperformed the former consistently.
Car sales in India surged by 12.87 per cent in December.
While hybrids, CNG and biofuels found favour in 2018 among many carmakers including Maruti Suzuki, Mercedes-Benz, Toyota and Honda, others such as M&M and Tata Motors have shown full faith in electric vehicles.
Droom has seen aircraft such as the Falcon, Hawk and Cessna being rented.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
Talking corporate heads are a barometer of the business community's engagement with the economy. If they have nothing to say now there should be cause for concern.
If you opt for a petrol variant, you will need to reapply for loan.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Business reacted with caution to the reforms of 1991, and demanded protection from multinationals and imports. Twenty-five years later, traces of that demand can still be found, reports Bhupesh Bhandari.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
Car marker leader Maruti Suzuki India is looking at nearly doubling the number of models to 25, including entry into SUV and LCV segments, as it aims a target to sell 3 million cars annually.
Buoyed by strong sales, Maruti Suzuki, Hyundai and Honda have scaled up their annual targets, but others are still stuck in low gear
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
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