Total auto sales rise 8% to 14.19 lakh units
Passenger vehicle sales grew 17% to 2.98 lakh units
Two-wheeler sales rose 3.74% to 11.84 lakh units.
Three-wheeler sales more than doubled to 48,903 units.
Source: SIAM
The broader market indices were trading lower; S&P BSE MidCap was down 1.02%, whereas S&P BSE SmallCap was lower by 0.89%.
Fifteen out of the 20 sectors compiled by BSE declined, while five advanced in trade.
The market breadth was skewed in favour bears. About 1,271 stocks rose, 2,129 declined, and 182 remained unchanged on the BSE.
Yes Bank approaches Supreme Court with its challenge
Yes Bank states that the administrator and the bank were empowered to write down AT-1 bonds at the time of reconstruction
Alert: On Jan. 20, Bombay High Court ruled that Rs 8,415 crore worth AT-1 bonds would be reinstated as Yes Bank's administrator did not have the authority to write them down on March 14, 2020. Bombay HC had given six weeks to the bank to challenge the order.
Source: People in the know
The broader market indices were marginally lower; S&P BSE MidCap was down 0.10%, whereas S&P BSE SmallCap was lower by 0.02%.
Nine out of the 19 sectors compiled by BSE declined, while ten advanced in trade.
The market breadth was skewed in favour bulls. About 1,455 stocks rose, 973 declined, and 176 remained unchanged on the BSE.
The S&P BSE Sensex opened down 30 points or 0.05% at 60,652.82 while the NSE Nifty 50 was 3 points or 0.01% higher at 17,859.10.
The yield on the 10-year bond opened flat at 7.37% on Monday.
Source: Bloomberg
The local currency weakens by 22 paise against the greenback on Monday to 82.72 at open. It closed at 82.50 on Friday.
Source: Bloomberg
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