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November Auto Sales (YoY)
Catch all the live updates of November auto sales here.
ICICI Lombard General Insurance
Ramkrishna Forgings
CLSA on Motherson Sumi
UBS on Sun Pharma
Nomura on Glenmark Pharma
Nomura on Indian Tyre
Here is a lineup of all the major corporate meetings over the next few days.
— BloombergQuint (@BloombergQuint) December 3, 2018
Read: https://t.co/hxGF22iRzG pic.twitter.com/poSKWpndNd
Bajaj Auto sales rose for the fifteenth straight month in November. The Pune-based automaker sold 4.06 lakh units last month, an increase of 25 percent from November 2017, according to its stock exchange notification.
Key sales highlights (YoY)
Shares of Bajaj Auto fluctuated between gains and losses after the announcement.
Eicher Motors
Escorts
Hero MotoCorp
Tata Motors
Maruti Suzuki
M&M
SML Isuzu
Shares of Sandhar Technologies rose as much as 5.3 percent to Rs 327.55.
The company signed JV pact with South Korea's Kwangsung to make plastic-mould parts for cars and trucks.
Trading volume was more than triple its 20-day average, Bloomberg data showed. The stock has declined 6.3 percent in the past 12 months.
India’s manufacturing activity strengthened in November, posting its highest levels since December 2017.
The Nikkei India Purchasing Managers Index rose to 54 in November, from 53.1 in the previous month, according to a statement by IHS Markit that compiles the index. A reading below 50 indicates contraction in activity, while a number above it signals expansion.
Nifty's 11,000 strike price call option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract rose 8.2 percent to Rs 152.50. Over 2.45 lakh shares were added to the open interest which stood at over 27.89 lakh shares.
Shares of the country's largest utility vehicle maker fell 1.3 percent to Rs 780 after it announced tractor sales for the month of November.
Shares of the Anil Ambani-led company rose as much as 15 percent to Rs 16.40 after its subsidiary Reliance Realty furnished a Rs 1,400 crore corporate guarantee to the telecom department in line with a Supreme Court directive, Reliance Communication said in an exchange notification.
The spectrum trading transaction will now be completed and proceeds will clear the dues of Ericsson and minority investors of Reliance Infratel (RITL), the filing added.
Shares of the Chennai-based two- and three-wheeler maker struggled after its reported sales numbers for November.
Indian equity benchmarks erased gains dragged by Sun Pharma, Reliance Industries and Mahindra & Mahindra.
The S&P BSE Sensex fell 0.05 percent or 19 points to 36,174 and the NSE Nifty 50 Index dropped 0.12 percent or 13 points to 10,864.
Six of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty Pharma Index's 2.35 percent drop. On the flipside, Nifty Metal Index was top gainer, up 2.1 percent.
Qatar will withdraw from the Organization of Petroleum Exporting Countries from Jan. 1, Minister of State for Energy Affairs Saad Sherida Al-Kaabi said in Doha.
The decision to withdraw is “technical” and country intends to focus on natural gas production; it will not be bound by OPEC’s agreements after exit from the group, Al-Kaabi said at a press conference in Doha.
Source: Bloomberg
Indian Navy is reviewing the contract awarded to Reliance Naval and Engineering Ltd. for supply of patrol vessels, Sunil Lanba, the country’s naval chief, says at a briefing in New Delhi.
Source: Bloomberg
Shares of the companies operating coal-based power plants rose after the Gujarat government decided to raise tariffs of Tata Power, Adani Power and Essar Power by amending their power purchase agreements, The Economic Times reported.
Source: Bloomberg
The Raigad-based pipe maker rose as much as 5.41 percent to Rs 500 after it won contract valued Rs 420 crore for supply of casings, line pipes, etc to ONGC.
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