Auto stocks are likely to react to the monthly sales reported over the last two days. Tata Motors and M&M sales reported strong sales.
If companies end up manufacturing vehicles according to plan, production is likely to exceed the pre-Covid volumes of Q4FY20
The feat has been achieved after a gap of 11 years with new Baleno leading the pack
At 10:42 am; Nifty Auto index, the top gainer among sectoral indices, was up 1.6 per cent, as compared to 0.39 per cent decline in the Nifty50 index.
Auto majors Maruti and Tata Motors are likely to be in focus today, the former for registering highest exports in a calendar year, and the latter for becoming the second largest PV seller in India.
Automobile shares may breakout after crossing significant resistances
Auto stocks are likely to be in focus as the stocks could react to the monthly sales numbers.
Maruti Suzuki India (MSI) is currently analysing customer feedback to ascertain if the Jimny brand can be introduced in India
Telecom shares may be in demand on credit of bank guarantee to the telcos
Traders may keep positions light owing to the weekend factor as uncertainty lingers around the threat of Omicron variant
Stocks bearing breakout on moving averages, price strength and technical indicators are ready to see steady upside of up to 9 per cent
The auto major reported total production of 1,45,560 units in November compared to 1,50,221 units in November 2020
Maruti expects December production at its Gujarat and Haryana plant to be impacted by the ongoing semiconductor shortage
As of 10:09 AM, the S&P BSE Auto index was the top sectoral gainer up 1.1 per cent as compared to 0.31 per cent decline in the S&P BSE Sensex
The company plans to drive in CNG trims across its product range
Semiconductors are silicon chips that cater to control and memory functions in products ranging from automobiles, computers and cellphones to various other electronic items
The breakout of "Inverse Head and Shoulder" for the Nifty Auto index hints at bullish scenario for auto stocks, provided the overall market momentum says strong
Business Standard brings you the top stories this evening
Business Standard brings you the top stories this evening
Business Standard brings you the top stories this evening