'Localisation saves a lot of time and cost for them. Keeping an eye on a long-term market, this is the best way these car-makers can build momentum for their brands.'
Investors remain cautious ahead of F&O expiry.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Promoters increasing stakes is definitely a positive signal for the market and investors.
Maruti will showcase its first concept electric vehicle, the e-SURVIVOR; M&M it's six new EVs, including two futuristic concepts
BMW's plant in Chenna now has 50 per cent localisation.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
ICICI Bank, HDFC Bank, IndusInd Bank down between 0.2%-1.4% each.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
Companies have also managed to find talent created by frequent exits.
Second body blow after diesel ban on engines of 2,000 cc and above in NCR.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
Tata Motors, ONGC, HDFC and TCS were the top gainers.
Markets ended at record closing highs for the second day in a row on institutional buying.
Markets ended lower following expiry of July F&O contracts and sales by foreign funds.
Markets surged in late trades to snap five-day losing streak led by bank shares.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
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