Sales rise 21.08% to Rs 12815.53 crore

Domestic equity benchmark indices continued their downward trend on Wednesday, closing lower for the second consecutive session. The Nifty 50 index settled below the 25,000 mark, primarily weighed down by losses in the auto and IT shares. However, realty, energy, and financial services stocks advanced.

The 'Pulsar' motorcycle maker reported a standalone adjusted profit of Rs 2,216 crore ($263.8 million) in the quarter, compared with Rs 1,836 crore a year earlier

As per provisional closing, the S&P BSE Sensex, was down 318.76 points or 0.39% to 81,501.36. The Nifty 50 index lost 86.05 points or 0.34% to 24,971.30.

At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 342 points or 0.42% to 81,478.12. The Nifty 50 index lost 104.50 points or 0.42% to 24,952.85.

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Regulatory hurdles were one of multiple issues Musk sidestepped during his much-anticipated unveiling of robotaxi, billed as a pillar of the Tesla CEO's push into robotics and artificial intelligence

At 6:30 AM, GIFT Nifty Futures were trading about 49 points lower at 25,069, suggesting a negative start for Indian markets.

Shares of Bajaj Auto fell as much 3.51 per cent at Rs 11,475 per share on the BSE in Tuesday's intraday trade

At 11:30 IST, the barometer index, the S&P BSE Sensex, was down 244.36 points or 0.30% to 81,725.71. The Nifty 50 index fell 81.95 points or 0.33% to 25,046.

The latest warning signs came last week, when all three German manufacturers reported slumping third-quarter sales in China

Stock Market Today: RIL reported a 4.8 per cent year-on-year decline in consolidated profit for Q2 FY25, totaling Rs 16,563 crore, and missing analyst expectations.

Muted PV, CV sales volume in Q2 may reflect in performance of segment leaders

Logistics automation startup Elixia has raised USD 1 million (about Rs 8.4 crore) in a funding round led by JITO Incubation and Innovation Foundation (JIIF). Other investors include Motilal Oswal (Motilal Oswal Financial Services), Vimal Shah (Bidco Oil), Sparsh Jain (JG Group), Vinod Dugar (RDB Group) and Vimal Khinvasara (WMA Group), Ashok Shah (vtransgroup) and Amit Chandwar (K M Trans Logistics). The company aims to use the new funding to expand in the Middle East, offering advanced logistic

Analysts are optimistic about major revenue growth for Bajaj Auto, driven by robust volume increases and effective pricing strategies.

At 14:27 IST, the barometer index, the S&P BSE Sensex was down 232.50 points or 0.29% to 81,369.75. The Nifty 50 index lost 40.15 points or 0.16% to 24,958.30.

Hero MotoCorp stock so far on 5 occasions has successfully managed to hold the 100-DMA support, since the breakout in May 2023. Will it be sixth-time lucky too? Check upside, downside potential here.

Ahead of the opening of the much-awaited Hyundai Motor India IPO, Samir Arora of Helios Capital has shared his outlook on the auto industry. Here's what the market expert thinks

Ratan Tata championed innovations that are helping build a better tomorrow, auto industry body SIAM said on Thursday while paying homage to the eminent industrialist who passed away on Wednesday night. Indian automobile industry is deeply saddened with the passing away of Shri Ratan Tata, a towering figure, who has played a stellar role in bringing the Indian auto industry to the global stage, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra said in a statement. A gre

Tesla's latest deal comes from its active lease platform, and is made up of more than 26,000 leases with borrowers holding a weighted average FICO credit score of 764, according to deal documents

The Nifty IT Index is currently trading close to its key resistance level, making it a prime candidate for a sell on rise strategy for near-term traders. The resistance level to watch is 43,200

South Korea carmaker to sell Rs 27,856 cr worth of shares in Indian arm valued at Rs 1.59 trillion

At 14:30 IST, the barometer index, the S&P BSE Sensex was up 123.25 points or 0.15% to 81,756.87. The Nifty 50 index rose 57.80 points or 0.23% to 25,070.95.

The Board has granted its in-principle approval to segregate the Automotive and Industrial business through a scheme of arrangement

The Nifty Bank, Nifty PSU Bank indices are likely to extend the pullback in the near-term; Auto index too seems favourably placed, while the Realty index remains on weak ground, shows technical charts

RBI MOC Policy today: The RBI Monetary Policy Committee (MPC) also kept its key repo rate unchanged at 6.5 per cent for a tenth straight policy

Aurigene Oncology, a wholly-owned subsidiary of Dr. Reddy's Laboratories has announced the Phase 1 results for Ribrecabtagene autoleucel (DRL-1801) from the SWASTH study - India's first trial for a novel autologous BCMA directed CAR-T cell therapy in patients with relapsed / refractory multiple myeloma.

Mohali (Punjab) [India], October 8: Pritika Auto Industries Limited (BSE: 539359; NSE: PRITIKAUTO), among leading manufacturers of tractor components in India, is pleased to announce that it has finalised a significant order worth Rs 30 crore per annum from country's leading OEM tractor manufacturers. This order represents a strong endorsement of the company's capabilities in delivering high-quality components for the agriculture sector.

At 14:30 IST, the barometer index, the S&P BSE Sensex was up 663.18 points or 0.82% to 81,713.18. The Nifty 50 index added 231.75 points or 0.93% to 25,027.50.

Shares of Forge Auto International were trading at Rs 107.50 on the NSE, a discount of 0.46% compared with the issue price of Rs 108.

Britain's ZEV mandate, introduced by the former Conservative government, requires at least 22 per cent of an automaker's new car sales to be purely EVs in 2024

The government has budgeted Rs 25,938 crore for five years as PLI for this sector

Indicating that Kia's current focus remains on the electric car market, he mentioned that the company's first mass-market electric car-scheduled to be launched next year-will be a mid-sized SUV

According to the company, Bajaj's use of 'Freedom' infringes on its trademark rights, which is diluting its established reputation and the goodwill cultivated over decades

Mumbai (Maharashtra) [India], October 3: In a move aimed at sustainable mobility, Lord's Automative Pvt. Ltd., a subsidiary of Lord's Mark Industries and a leading manufacturer of eco-friendly electric 2W and 3W vehicles, recently equipped 25 dabbawalas in Mumbai with Lord's Bijli e-motorcycles at an event held at the Mumbai Tiffin Box Supplier's Association. The pilot project was jointly supported by the city-based non-profit body Waatavaran Foundation, along with India Infoline Finance Limited

Nifty Auto index declined 2.7 per cent in trade today amid a slowdown in PV sales and fall in CV sales

Eicher Motors Ltd has lost 1.08% over last one month compared to 1.83% gain in BSE Auto index and 1.08% rise in the SENSEX

Satisfactory monsoon, soft rates to support growth in H2

Sell 4.69 lakh units

Stocks to watch today: Blue Dart Express announced a price increase of 9-12 per cent for shipments starting January 1, 2025.

In 2021, PSA merged with Fiat Chrysler, and the combined company adopted the name Stellantis

Ather Energy, with the launch of Rizta electric scooter, has increased its market share to 14.2 per cent

The risk assessment was carried out as part of CII's new framework, 'Building Climate Resilience for Indian Industry', which aims to help businesses identify and address climate-related threats

Currently, Tata Sons holds a 40 per cent stake in Tata Autocomp Systems, while Tata Motors owns 26 per cent

The feud between Indian Olympic Association (IOA) president PT Usha and revolting Executive Council members took another ugly turn after a dozen of them shot off a letter to senior IOC official Jerome Poivey accusing the legendary athlete of running the organization in an autocratic manner. During Thursday's meeting, there was a bitter confrontation during the IOA meeting where the embattled Usha outrightly rejected their appeal of removing Raghuram Iyer from CEO's post. In a letter to Poivey, t

Pursuant to Bonus Issue

Supportive fund flows, Chinese stimulus keeps bullish sentiment intact

Issuer banks of NETC FASTag and RuPay NCMC must ensure that auto-replenishment done under pre-debit notification exceptions is strictly used for its intended purposes of NETC FASTag and RuPay NCMC onl

At 14:30 IST, the barometer index, the S&P BSE Sensex gained 313.40 points or 0.37% to 85,481.15. The Nifty 50 index added 99.25 points or 0.38% to 26,103.40.

Thus far in calendar year 2024, the BSE Auto index has surged 46 per cent, compared to the 18 per cent rally in BSE Sensex.