Auto major Mahindra & Mahindra on Friday said it will hike the prices of its passenger cars and commercial vehicles by Rs 6,000 to Rs 20,000 from October 1, partly to offset higher input costs and depreciation of rupee against the dollar.
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Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
Buses that run on battery, trucks that purr on LNG, and more from the stables of Tata Motors, Mahindras and Ashok Leyland. The Auto Expo 2018 had these and more.
Tata now occupies the fourth slot with the incremental volumes from the Tiago
The biggest gainers on both bourses were Bharti Airtel, HDFC duo, L&T, Bajaj Auto, Kotak Bank, Reliance Industries, Axis Bank, ICICI Bank, SBI, ITC and Bajaj Finance, rising up to 4 per cent.
Renault says that one of the reasons why its sales look muted when compared to its peers is its limited reach.
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
Vodafone Idea and Airtel have made provisions for their liabilities arising from the Supreme Court order in their latest September quarter results.
Liquidity continues to be a worry for both, customers and dealers, with the latter facing working capital issues.
Stocks of Indian companies with exposure to Europe fell on Tuesday amid concerns about the impact on their sales in case the Russia-Ukraine crisis worsens and the US and its allies impose economic sanctions on Russia. While top conglomerates, including Reliance Industries, the Tata group, and Aditya Birla Group, said they did not have any significant exposure to Russia, executives of some of the oil and gas, pharmaceutical, and tea companies said they were monitoring the situation closely as they earned substantial income from the region. Russian President Vladimir Putin on Monday ordered troops into two breakaway regions of eastern Ukraine after announcing that Russia would recognise their independence.
Prime Minister Narendra Modi on Friday met Queen Elizabeth II over lunch for the first time during his much-anticipated visit to the UK.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
'When you have surplus cash flow and markets correct sharply, what options do you have other than buying good stocks?'
At an expected price tag of Rs 600,000 to Rs 900,000, it does spell trouble for the contenders in the sub-4-metre SUV space.
Markets closed the day in green on favourable domestic factors,
The policy statement by the RBI governor is also expected to be upbeat.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%
Healthcare, auto and financial stocks lagged.
Sun Pharma was the biggest loser among Sensex components, plunging 3.94 per cent, followed by Tata Steel falling 3.12 per cent.
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
From a Rs 9-lakh Maruti to a Rs 2 crore-Nissan, Indian auto industry packs quite a surprise for car buyers
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Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
'We are opening stores in towns that are unheard of where the attachment to jewellery is strong and accompanied by the Tata brand pull.'
New campaigns rev up their marketing pitch, while new challengers such as Tata Motors with the Zest promise to put up a spirited fight
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
Auto and index heavyweights Reliance Industries and ITC were the top losers in early trades.
Take out Maruti Suzuki and Honda, and the auto sector's prospects suddenly don't look all that rosy.
Stocks reeled under huge losses on Thursday as the benchmark Sensex plunged sharply by over 465 points, the biggest single-day fall in three months, after India carried out "surgical strikes" on Wednesday night on terror launch pads across the Line of Control.
'The velocity of the market correction in September was so fierce that 9 stocks declined for every one that advanced,' reveals Samie Modak.
With the dizzying rise in the number of Covid-19 cases in the country, India Inc has transitioned from a wait-and-watch policy to full-on emergency mode, bringing back remote and flexi work, stringent safety protocols, and allowing only essential travel. Companies - especially in metros like Delhi, Mumbai and Kolkata - that had adopted a hybrid work model during the last few months when the caseload remained low, are either switching back entirely to work-from-home (WFH), or calling skeletal staff to office on select days. Take the case of cigarettes-to-hotels major, ITC, which had been on a hybrid work model over the last few months.
The lockdown in Maharashtra will have a catastrophic impact on April sales, as dealers will not be able to realise the potential of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.
Corporate revenues will decline for a third consecutive quarter in March on a YoY basis - one of the worst shows by these companies in many years.
Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months.
Auto stocks are weighing on the indices.
While the Bongaon municipality accommodates 1,200 trucks, the rest are at the mercy of private parking lots, where contractors charge an upfront fee of about Rs 4,000 per day.
Indian names that figure on the list, but lower down the pecking order include Tatat (101). Airtel (rank: 252), Infosys (287), Life Insurance Corporation of India (292), State Bank of India (334), HCL (390), Indian Oil (427), Reliance (445) and Larsen & Toubro (464).
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
