Latest news with #NiftyAuto
Business Standard
8 hours ago
- Automotive
- Business Standard
Mahindra & Mahindra Ltd spurts 2.69%, rises for third straight session
Mahindra & Mahindra Ltd is quoting at Rs 3178, up 2.69% on the day as on 12:49 IST on the NSE. The stock is up 11.9% in last one year as compared to a 6.47% gain in NIFTY and a 5.78% gain in the Nifty Auto index. Mahindra & Mahindra Ltd rose for a third straight session today. The stock is quoting at Rs 3178, up 2.69% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.92% on the day, quoting at 25020.85. The Sensex is at 82167.38, up 0.99%. Mahindra & Mahindra Ltd has added around 2.82% in last one month. Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has added around 0.24% in last one month and is currently quoting at 23434.65, up 0.89% on the day. The volume in the stock stood at 31.04 lakh shares today, compared to the daily average of 22.45 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 3184.1, up 2.84% on the day. Mahindra & Mahindra Ltd is up 11.9% in last one year as compared to a 6.47% gain in NIFTY and a 5.78% gain in the Nifty Auto index. The PE of the stock is 32.43 based on TTM earnings ending March 25.
Business Standard
a day ago
- Business
- Business Standard
Nifty slides below 24,800; European mrkt decline
The domestic equity benchmarks continued to trade near the flatline with some negative points in afternoon trade, amid ongoing escalating geopolitical tensions between Israel and Iran. Further impacting sentiment was the US Federal Reserve's decision to hold interest rates, with the central bank projecting elevated inflation and slower economic growth ahead. Market direction will likely continue to be shaped by these geopolitical developments, with investors closely tracking crude oil prices and broader global events. The Nifty traded below the 24,800 level. Barring the Nifty Auto index, all the other sectoral indices on the NSE traded in red. At 13:30 IST, the barometer index, the S&P BSE Sensex shed 28.93 points or 0.04% to 81,415.73. The Nifty 50 index lost 25.50 points or 0.10% to 24,786.55. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 1.64% and the S&P BSE Small-Cap index dropped 1.87%. The market breadth was weak. On the BSE, 884 shares rose and 2,984 shares fell. A total of 155 shares were unchanged. Gainers & Losers: Eicher Motors (up 1.54%), Tata Consumer Products (up 1.53%), Mahindra & Mahindra (up 1.18%), Titan Company (up 1.07%), and Dr. Reddy's Laboratories (up 1.01%) were the major Nifty50 gainers. Adani Ports and Special Economic Zone (down 2.67%), Adani Enterprises (down 1.79%), Bajaj Finance (down 1.63%), Coal India (down 1.49%) and Jio Financial Services (down 1.44%) were the major Nifty50 Losers. Stocks in Spotlight: Tata Elxsi fell 2.33%. The company announced that it has signed a memorandum of understanding (MoU) with Infineon Technologies to jointly develop application-ready EV solutions tailored to the Indian market. Markolines Pavement Technologies gained 3.47% after the company announced that it has secured a maintenance contract worth Rs 18.88 crore from Varanasi-Aurangabad NH-2 Tollway. AAVAS Financiers added 0.51%. The companys board executive committee has approved raising up to Rs 200 crore through a private placement of non-convertible debentures (NCDs). Garware Technical Fibres declined 1.93%. The company announced that it has incorporated of a wholly owned subsidiary (WOS), Garware Technical Fibres AS (GTF AS), in Norway. Marksans Pharma slipped 2.70%. The company announced that its wholly owned subsidiary Relonchem has received marketing authorization for the product Oxybutynin hydrochloride Oral Solution from UK Medicines & Healthcare Products Regulatory Agency (UKMHRA). Puravankara advanced 2.05% after the companys, wholly owned subsidiary, Starworth Infrastructure & Construction, received a letter of intent (LoI) worth Rs 272 crore from Tru Dwellings. Global Markets: US Dow Jones futures were down 190 points in early trade. Wall Street will be shut on Thursday for the Juneteenth holiday, with regular trading set to resume Friday. European shares declined, while most Asian stocks traded lower on Thursday as investors digested the U.S. Federal Reserves widely expected decision to keep interest rates unchanged. Adding to the cautious mood, ongoing tensions between Israel and Iran continued to weigh on sentiment. Eyes are also on the central bank decisions from Taiwan and the Philippines, due later today. As expected, the Fed held its benchmark rate steady at 4.25%-4.5% on Wednesday, marking no change since December. Fed Chair Jerome Powell indicated the committee would wait to assess the inflationary impact of President Trumps tariff measures before considering any policy shifts. Despite the hawkish pause, the Fed still pointed to two rate cuts by the end of the year. Geopolitical concerns remain front and center. Investor nerves were further rattled after Iran's Supreme Leader Ayatollah Ali Khamenei dismissed President Trump's calls for unconditional surrender. His remarks, delivered via a televised statement on Wednesday, were his first since Friday, when Israel escalated its offensive against Iran. Back on Wall Street, US equities ended mixed on Wednesday. The Dow slipped 0.10%, the S&P 500 edged down 0.03%, while the Nasdaq bucked the trend with a 0.13% gain.
Business Standard
a day ago
- Automotive
- Business Standard
Maruti Suzuki India Ltd gains for fifth session
Maruti Suzuki India Ltd is quoting at Rs 12820, up 0.56% on the day as on 12:44 IST on the NSE. The stock is up 5.52% in last one year as compared to a 5.2% spurt in NIFTY and a 7.39% spurt in the Nifty Auto. Maruti Suzuki India Ltd is up for a fifth straight session today. The stock is quoting at Rs 12820, up 0.56% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.08% on the day, quoting at 24792.6. The Sensex is at 81363.65, down 0.1%. Maruti Suzuki India Ltd has risen around 1.44% in last one month. Meanwhile, Nifty Auto index of which Maruti Suzuki India Ltd is a constituent, has risen around 0.55% in last one month and is currently quoting at 23312.35, up 0.38% on the day. The volume in the stock stood at 1.64 lakh shares today, compared to the daily average of 3.02 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 12762, up 0.45% on the day. Maruti Suzuki India Ltd is up 5.52% in last one year as compared to a 5.2% spurt in NIFTY and a 7.39% spurt in the Nifty Auto index. The PE of the stock is 28.71 based on TTM earnings ending March 25.
Mint
2 days ago
- Business
- Mint
Nifty, Sensex open flat as investors cautious of probable US strike on Iran may open a new front in geopolitics
Mumbai [India], : Indian equity markets opened on a weak note on Thursday, as investors are cautious about the prospects of a US strike and the uncertain nature of Iran's response. The Nifty 50 index opened at 24,803.25, down by 8.80 points or 0.04 per cent. Similarly, the BSE Sensex opened lower at 81,403.94, losing 40.72 points or 0.05 per cent. Market experts have attributed the cautious sentiment to the possibility of an escalating conflict in the Middle East and fears of a direct US entry into the situation. If such a scenario unfolds, heavy selling pressure may be witnessed in global markets. Ajay Bagga, Banking and Market Expert, told ANI, "Markets are raising the prospects of a US strike and the uncertain nature of Iran's response to the same. Indian markets are also pointing to a negative open on these global developments." He added, "Israel-Iran remains the big overhang on risk markets, with a US intervention being a big probability. That could lead to a spread in the scale and scope of the conflict, and Asian markets are in the negative this morning on the back of this." In the US, President Donald Trump held his second meeting in two days in the White House Situation Room with his National Security Council to assess possible options. While Trump's core MAGA base opposes US intervention in foreign wars, a broader Republican segment supports a strike on Iran. However, Trump is cautious due to past experiences in Iraq and Afghanistan, and the ongoing US focus on the Indo-Pacific region to counter China. Back home, broader market indices showed mixed trends. Nifty Midcap 100 saw a slight gain of 0.07 per cent at the open, while Nifty Smallcap remained almost flat. Among sectoral indices, selling pressure was observed in Nifty Auto, Nifty FMCG, Nifty IT, Nifty Media, and Nifty Metal, all of which opened in the red. Nifty Realty was the only index that opened in the green, recording marginal gains. Akshay Chinchalkar, Head of Research at Axis Securities, said, "Nifty finished 41 points down yesterday but the fact that the candle had a long upper shadow means the intraday highs just under the pivotal 25000 level were sold into aggressively, and that's not bullish behaviour. If we record a daily close below the 24,750 lows against the 24,950 highs, it will increase the risk of a deeper pullback toward the low end of the 24,600 - 24,800 zone." Asian markets were also trading in the red at the time of this report. Japan's Nikkei 225 was down 0.65 per cent, Hong Kong's Hang Seng fell by 1.7 per cent, Taiwan Weighted dropped 1.24 per cent, and South Korea's KOSPI declined by 0.34 per cent. US markets were flat to negative on Wednesday, with the Federal Reserve keeping interest rates unchanged as expected. Fed Chair Jerome Powell mentioned in his speech that inflation may rise due to tariffs, and that the stable US economy and labour market do not warrant an immediate rate cut. This article was generated from an automated news agency feed without modifications to text.
Business Standard
2 days ago
- Automotive
- Business Standard
Exide Industries Ltd down for fifth straight session
Exide Industries Ltd is quoting at Rs 379.5, down 0.9% on the day as on 13:19 IST on the NSE. The stock tumbled 32.27% in last one year as compared to a 5.43% rally in NIFTY and a 7.97% fall in the Nifty Auto index. Exide Industries Ltd is down for a fifth straight session today. The stock is quoting at Rs 379.5, down 0.9% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.24% on the day, quoting at 24793.8. The Sensex is at 81377.76, down 0.25%.Exide Industries Ltd has lost around 3.39% in last one Nifty Auto index of which Exide Industries Ltd is a constituent, has eased around 2.88% in last one month and is currently quoting at 23227.3, up 0.57% on the day. The volume in the stock stood at 7.11 lakh shares today, compared to the daily average of 22.04 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 379.7, down 0.68% on the day. Exide Industries Ltd tumbled 32.27% in last one year as compared to a 5.43% rally in NIFTY and a 7.97% fall in the Nifty Auto index. The PE of the stock is 30.19 based on TTM earnings ending March 25.
