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Source: Live Mint With the automobile industry witnessing strong growth on account of increasing demand for four-wheelers, urbanisation, a shift towards electric vehicles (EVs), and strong government support, the Hyundai IPO couldn’t have come at a better time. Maruti Suzuki and Hyundai Motors are leading players in India’s automobile market, but which is the better…
Source: Live Mint Indian stock market today: Indian stocks struggled once again to gain momentum, as significant declines in FMCG and realty stocks dragged the frontline indices to a flat close on Thursday, October 24. While banking stocks, particularly those from the public sector, provided some support to the market, they were insufficient to lift…
Source: Live Mint The auto sector has delivered a stellar performance over the past year. Since Samvat 2080, the Sensex has risen 23 per cent, while the BSE Auto index has surged 50 per cent. Year-to-date (YTD), the auto index has rallied 31 per cent, significantly outperforming the benchmark’s 11 per cent rise. Falling commodity…
Source: Business Standard 2 min read Last Updated : Oct 10 2024 | 3:07 PM IST As the Indian markets braces for the opening of the initial public offering (IPO) of Hyundai Motor India, which will be the first IPO from the auto industry in two decades following Maruti Suzuki’s listing in 2003, Samir Arora…
Source: Live Mint Concerns over escalating tensions in the Middle East weighed heavily on the Indian market this week, driving the benchmark equity indices lower for the fifth consecutive session on Friday, 4 October. Both the Sensex and the Nifty clocked significant losses in Friday’s trading session. The Nifty 50 closed 0.81% lower at 25,014…
Source: Live Mint Indian auto stocks have made a strong comeback in recent sessions, following a period of significant underperformance throughout August and early September. The recent rally has been largely driven by two-wheeler stocks, buoyed by expectations of improvement in sales during the ongoing festive season and good rainfall across India. Amid the recent…
Source: Business Standard 3 min read Last Updated : Sep 26 2024 | 10:22 AM IST Hero MotoCorp share price fall: Shares of largest two-wheeler manufacturer, Hero MotoCorp dropped up to 2.76 per cent to hit an intraday low of Rs 5,919.50 per share on Thursday, September 26, 2024. The downtrend in the Hero…
Source: Business Standard 4 min read Last Updated : Sep 24 2024 | 1:04 PM IST Mahindra & Mahindra (M&M) shares continued their upward journey to hit a new high of Rs 3,098, gaining 2 per cent on the BSE on Tuesday’s intra-day trade. In three days, the stock of the Mahindra group automobile…
Source: Business Standard Sensex, Nifty fly high: Benchmark indices – Sensex and Nifty 50 – witnessed a strong rally on Friday, September 20, 2024 on the back of a 50 bps rate cut by the Federal Reserve on September 18. The Sensex rallied 1,509.6 points intraday, hitting a fresh record high of 84,694.5 levels….
Source: Business Standard 2 min read Last Updated : Sep 19 2024 | 6:21 AM IST Nifty Auto Index The Nifty Auto Index is currently showing a bearish trend in the near term, indicating potential downside risks. Traders should closely monitor the 25600 level, as a trade and close below this mark could trigger…
