Late selling in the market saw the Sensex close seven points lower at 9,374.
The Sensex opened with a smart positive gap of 17 points, and thereafter did not bother to look back.
Maharashtra Scooters hit the 10% upper deck at Rs 86.95 today boosted by reports that Kolkata-based jute industrialist Joy Kankaria is eyeing a 27% stake in the company. \n\n\n\n
Riding on the back of easy availability of finance schemes and improved macro economic indicators, the segment has grown by a strong 16 per cent and further strengthened its position in the overall two-wheeler market pie.
India's second-biggest motorcycle maker Bajaj Auto would launch a motorcycle in the executive segment within a year and aims to post upto 7 per cent sales growth to 1.5 million units this year, a top company official said today.
The biggest gainers in the Sensex pack were Sun Pharma, Bajaj Finance, Vedanta, Yes Bank, ICICI Bank, HDFC, Tata Motors, HCL Tech, IndusInd Bank and Axis Bank, rising up to 2.98 per cent.
Honda Siel's mid-size car City, Ford's Endeavour sports-utility-vehicle and Bajaj Auto's Wind motorcycle bagged the top honours at the 3rd CNBC Autocar awards in New Delhi.
India's largest two and three-wheeler manufacturer Bajaj Auto rode away with more than three awards at the recently held BBC Wheels Awards 2003.
Italian engine maker Lombardini is in talks with automakers like Bajaj, and Mahindra and Mahindra for the supply of diesel engines and said it would make India its export hub.
After the hit of the pandemic, India Inc is now worried about the adverse impact of inflation and higher commodity prices on their revenues and margins. The inflation scare is the strongest among manufacturers of consumer goods such as automobiles, consumer durables, and fast-moving capital goods (FMCG). Companies across sectors fear they will not be able to pass on the hike in input costs to their consumers due to weak demand, which, in turn, would lead to a hit on margins and profitability in the forthcoming quarters.
On a net basis, foreign portfolio investors bought Rs 446 crore worth of domestic stocks on Thursday and domestic institutional investors (DIIs) were net buyers to the tune of Rs 49.68 crore, provisional data available with BSE suggested.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
The NSE Nifty too soared by 118 points to close at 3641.
Eminent industrialist and chairman and managing director of Bajaj Auto Ltd, Rahul Bajaj has been appointed as chairman of the board of directors of the Indian Institute of Technology, Bombay.
The lumbering Ambassador and Fiat cars, it ruled the Indian roads throughout the 1970s, while the Rajdoot and Jawa as well as the old Royal Enfield motorcycles trailed far behind.
India's largest motorcycle maker, Hero Honda Motors on Wednesday said sales rose 15 per cent in November 2004.
India's largest motorcycle maker, Hero Honda Motors Ltd, launched its cheapest 100 cc motorbike yet on Wednesday, hoping to blunt competition from main rival Bajaj Auto Ltd.
The Sensex opened with a positive gap of 19 points at 11,326. It is now down 46 points at 11,261.
The Sensex, which, scaled a new summit of 10,305, pared gains towards the close and finally finished with a marginal gain of 20 points at 10,244.
The Sensex ended with a huge gain of 1.6% or 91 points at 5,766, and the Nifty closed 36 points higher at 1,806.
The Sensex touched a new all-time intra-day high at 10,196, and finally closed with a smart gain of 89 points at 10,168.\n
Infosys has reclaimed the top spot from ITC on the funds' popularity chart, according to an analysis by Crisil.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
