Indian passenger vehicle manufacturers have reported weaker wholesale figures for July as demand continues to cool off. The Society of Indian Automobile Manufacturers (SIAM) had earlier forecasted PV growth for FY25 to be below 5%, citing increased competition and excess supply as major challenges. Although Q1 2024 saw record-breaking sales, […]
Nifty Auto stocks
The Indian market concluded July on a robust note, extending their winning streak to a second consecutive month. This positive momentum has been driven by significant sector rotation, which has played a pivotal role in sustaining the indices at elevated levels. Despite some volatility experienced after the budget—prompted by the […]
Indian markets resumed their upward trajectory on Friday, rebounding from the heightened volatility triggered by the Union Budget 2024’s capital gains tax hike and an STT increase on derivatives. Despite less favorable global cues and foreign portfolio investors pulling out of Indian equities following the budget announcement, the indices staged […]
In a significant milestone, Eicher Motors, a Nifty 50 index constituent, saw its shares cross the ₹5,000 mark for the first time today, hitting a new all-time high of ₹5,058.90, up by 3.2%. The shares have been on a steady bull run since February, recording a growth of 32%, outperforming […]