Auto Sales In November 2022 Live: Tata Motors' Car Sales Jump, Commercial Vehicles Sales Fall 10%
Auto Sales In November 2022 Live: Tata Motors' Car Sales Jump, Commercial Vehicles Sales Fall 10%
Domestic sales rose 41% to 4,483 units.
Sales of light and medium duty trucks rose 17.3% to 2,526 units.
Exports fell 70% to 237 units.
Source: Exchange filing
Passenger vehicle sales rose 55% to 46,425 units.
Total commercial sales fell 10% to 29,053 units.
Electric passenger vehicle sales jump 146% to 4,451 units.
Source: Exchange filings
Total two-wheeler sales rose 2% to 2.64 lakh units.
Motorcycle sales rose 4%, Scooter sales jumped 12%.
Total exports fell 12.4% to 84,134 units.
Source: Exchange filing
The broader indices outperformed their larger peers, with the mid-cap gaining 0.73%, while small-cap rising by 0.97% in trade. The large-cap index almost mirrored its larger peers, gaining 0.43%
Sixteen out of the 20 sectoral measures complied by BSE Ltd. advanced, with BSE Information Technology gaining the most over 2%.
The market breadth is skewed in favour of the bulls. About 2,181 stocks rose, 1,219 fell and 152remained unchanged.
Uniparts India IPO was fully subscribed as of 12:30 p.m. on day 2.
Bidding was led by non-retail investors (1.74 times).
The offer closes on December 2.
Source: BSE
Malhotra will replace Tarun Bajaj as Revenue Secretary from Dec 1, 2022.
Prior to this, he was the Secretary of the Department of Financial Services.
Source: Finance Ministry Twitter Handle
Adani Green has raised a Japanese yen-denominated refinancing facility.
The facility comprises a 27,954 million yen loan facility, which is around $200 million.
The facility refinances the 350 MW solar project in Andhra Pradesh, India.
Source: Exchange filing
Manufacturing PMI was at 55.7 in November compared to 55.3 in October.
Source: S&P Global
The broader indices outperformed their larger peers, with the mid-cap and small-cap gauges gaining 0.22% and 0.55%, respectively.
Sixteen of the 19 sectoral indices compiled by BSE advanced with IT stocks gaining the most.
The market breadth is skewed in favour of the bulls. About 1,943 stocks rose, 710 fell and 120 stocks remained unchanged.
Yield on the 10-year bond fell 4bps in opening trade to 7.24% on Thursday
Source: Bloomberg
Indian currency appreciated by 35 paise to 81.08 at the open against the greenback on Wednesday. It closed at 81.42 on Tuesday.
Source: Bloomberg
Fed chief Powell’s observation that it makes sense to moderate the pace of rate hikes, has come as a shot in the arm for the bulls to take the ongoing rally forward.Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
At 8:37 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- rose 0.46% to 19,004.
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