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Source: Live Mint Buy or sell stocks: The domestic stock market benchmarks, Nifty 50 and Sensex, are closed today, Friday, November 15, due to the observance of Guru Nanak Jayanti, creating a three-day trading hiatus. On Thursday, both indices extended their losing streak to six consecutive sessions, marking multi-month lows. This decline was attributed to…
Source: Live Mint The Indian Passenger Vehicle (PV) industry experienced a subdued September quarter, with Original Equipment Manufacturers (OEMs) reporting varied performance in terms of volume growth and margin trajectories. Industry wholesales, including exports, declined by 1% year-on-year (YoY) during the July-September 2024 quarter. The competitive dynamics within the sector have undergone significant shifts in…
Source: Live Mint Indian auto stocks have been among the biggest casualties of the recent market sell-off. A combination of factors, including weak demand from urban consumers, rising inventory levels, a drop in UV sales, ongoing weakness in the entry-level car segments and a cautious outlook for FY25 from car manufacturers, has shaken investor confidence….
Source: Live Mint In the special Muhurat trading session held on Friday, November 1, the Nifty Auto index closed over 1 percent higher, buoyed by a recovery in auto sales reported for October 2024. The festive momentum was reflected across the market, with Nifty Auto rising as much as 1.24 percent to 23,805.60, outperforming the…
Source: Live Mint Shares of Mahindra & Mahindra (M&M) surged over 3 percent during the special Muhurat trading session on Friday, following the company’s record-breaking SUV sales in October 2024. M&M achieved its highest-ever domestic SUV sales, delivering 54,504 vehicles, marking a robust 25 percent year-on-year growth in the SUV segment. The company’s total sales…
Source: Live Mint Corporate giants emerged from the pandemic poised to expand their empires, but have these ambitious moves paid off for shareholders? Mint examines how 16 of India’s top businesses, part of the Nifty50 index, seized post-pandemic opportunities, strategically expanded both organically and inorganically over the past three years, leveraging acquisitions and partnerships to…
Source: Live Mint Motilal Oswal Financial Services (MOFSL), in its latest report, said that Q2 will see the slowest earnings growth for Nifty companies in 17 quarters, caught between tailwinds and headwinds. After four years of robust double-digit growth, the slowdown in corporate earnings is expected due to pressures from commodity prices, diminishing tailwinds from…
Source: Business Standard 4 min read Last Updated : Sep 26 2024 | 2:34 PM IST Shares of automobile companies were in demand on Thursday’s trading session, with the BSE Auto index hitting a record high of 61,540. The index gained nearly 2 per cent in intra-day trades to extend its upward movement after the…
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 5 min read Last Updated : Sep 17 2024 | 1:38 PM IST We are near about six months into the fiscal year 2024-25, and the Indian stock market has witnessed strong gains already thus far. The BSE benchmark Sensex 30 has rallied 12.7 per cent or 9,349 points and has…
