Known for its phones and emerging from nowhere in the segment, it might take on the scooter Goliaths.
Yes Bank was the biggest gainer, rising 3.40 per cent, after ace investor Rakesh Jhunjhunwala bought approximately 1.3 crore shares of the company for around Rs 87 crore through open market transactions.
Other losers included Vedanta, Tata Steel, NTPC, ONGC, L&T, M&M, Coal India, Maruti, PowerGrid, Axis Bank, ITC and HDFC, dropping up to 5.75 per cent. On the other hand, Kotak Bank, Bharti Airtel, HCL Tech, Bajaj Finance and Hero MotoCorp rose up to 0.95 per cent.
After swinging nearly 330 points, BSE Sensex finished 172.69 points or 0.43 per cent higher at 40,412.57. Similarly, the 50-scrip NSE Nifty appreciated 53.35 points or 0.45 per cent to close at 11,910.15.
The police and district administration are working on an elaborate plan in this regard as to how many family members will go and when they will depart from Hathras.
Firm sticks to guns while the staff looks at 'sterner' measures.
Passenger vehicle wholesale in India increased by 14.19 per cent to 3,10,294 units in October against 2,71,737 units in the same month last year as companies despatched more units to dealers to cater to enhanced demand in the festive season, auto industry body SIAM said on Wednesday. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also rose 16.88 per cent to 20,53,814 units, compared with 17,57,180 units in the same month last year. Motorcycle sales were at 13,82,749 units as against 11,16,886 units in October 2019, up 23.8 per cent.
Infosys was the top gainer in the Sensex pack, rallying 4.19 per cent, ahead of its quarterly earnings. Vedanta, Tata Motors, ONGC, Tata Steel, HUL, HCL Tech, Tech Mahindra and Bharti Airtel too rose up to 3.96 per cent.
Pakistan's Supreme Court Chief Justice Iftikhar Chaudhry on Monday took suo moto notice of the devastating bomb attack in a Shia-dominated area of Karachi that killed 48 people and sought reports on the incident from police and government officials.
Two-wheeler sales were down 15.24 per cent in July to 12,81,354 units as compared with 15,11,717 units in the same month last year.
Italian Valentino Rossi emerged triumphant in the Argentine MotoGP Grand Prix despite a clash with World champion Marc Marquez in the second-last lap which saw the Spaniard crash out.
RIL became the first Indian company to hit the Rs 9.5 lakh-crore market capitalisation level. Shares of Bharti Airtel soared 7.36 per cent and Vodafone Idea rallied 34.68 per cent after both the companies announced a hike in mobile phone call and data charges from December.
Other losers included HCL Tech, Yes Bank, IndusInd Bank, TCS, ONGC, Bajaj Finance, PowerGrid, Vedanta, Asian Paints, NTPC and Hero MotoCorp, which shed up to 4.07 per cent.
Other gainers included SBI, Kotak Bank, Sun Pharma, Tata Motors, M&M and Tata Steel, rising up to 5.19 per cent.
Japan's round of the MotoGP championship, which was due to take place on October 18 at Motegi after the F1 race at Suzuka on October 11, had already been cancelled due to the expected extension of a travel ban.
NTPC was the top gainer, spurting 4.28 per cent. Other winners were Bajaj Auto, Bajaj Finance, Sun Pharma, ITC, Hero MotoCorp, TCS, Yes Bank, HDFC, HDFC Bank and SBI, rising up to 1.38 per cent.
Other players who have declared no production days in the recent past, and during this month, include Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Bosch, Jamna Auto, Wabco and Sundaram-Clayton.
The rally was mainly driven by financial, consumer durables, auto and oil and gas stocks.
The Italian bike chassis maker, Pierobon has unveiled updated version of their X60R superbike which they had first showcased a year back.
A summary of sports events and persons who made news on Monday
The International Hockey Federation (FIH) signed a major sponsorship deal with two-wheeler giant Hero MotoCorp for all events of the world body to be held in India in the next four years.
The court will record the version of the victim's family members in the case.
An analysis of past 20 years' demand cycles done by Edelweiss Securities indicates that the auto sector is currently in the middle of a down cycle. Volume recovery, they say, is unlikely to be as sharp as in the past, unless there is strong fiscal support.
The nearly 1,200 permanent workers, under the aegis of Hero MotoCorp Workers Union, are observing silent protest by wearing black badges and not taking tea and snacks provided by the company to press for their demand.
After swinging 439 points during the day, the 30-share Sensex ended 141.33 points, or 0.38 per cent, lower at 37,531.98. It hit an intra-day low of 37,480.53 and a high of 37,919.47.
Taking suo moto cognisance of the matter, the court has decided to hear the case on Sunday in spite of its being a holiday.
A summary of sports events and persons who made news on Monday
After splitting with Honda, the company is working on developing it own intellectual property.
Bajaj Auto on Wednesday claimed its entry-level bike Discover has displaced Splendor of rival Hero MotoCorp as the largest selling motorcycle in the world based on sales in September.
The biggest gainers in the Sensex pack in Friday's session were Yes Bank, Bharti Airtel, Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent. The losers included HCL Tech, TCS, Infosys, Hero MotoCorp, IndusInd Bank and Sun Pharma, falling up to 1.55 per cent.
India's richest businessman, Mukesh Ambani is ranked at 33 with a salary of Rs 15 crore (Rs 150 million) annually.
The broader NSE Nifty gained 17.35 points or 0.16 per cent to end at 10,997.35.
Violation of the provisions entails a punishment of a jail term up to five years or with fine up to Rs 1 crore or with both, the ordinance released by the Ministry of Law and Justice on Thursday said.
On MoS Health Ashwini Kumar Choubey's statement that public health and hospitals come under states and so insurance compensation data is not available with the Centre, the doctors' body said that it amounts to "abdication of duty and abandonment of the national heroes who have stood up for our people".
The broader NSE Nifty rose 32.15 points or 0.29 per cent to settle at 11,284.30.
Pawan Munjal, MD & CEO, tells Business Standard that Hero Motor is firming up distributors abroad and considering assembly bases in some countries to sell a million units outside India by 2017.
Fair trade regulator Competition Commission of India (CCI) on Wednesday ordered a detailed probe into popular messaging platform WhatsApp's updated privacy policy and terms of service after finding that the 'exploitative and exclusionary conduct' in the garb of the policy update prima facie violated competition norms.
Two-wheeler firms' profits to slow down following a double-digit decline in sales.
