As the policy takes hold, we should see an immediate demand for new cars as older vehicles are scrapped or impounded
Shares of Magma Fincorp hit upper circuit after the Poonawalla Group acquired a controlling 60% stake in the non-banking finance firm by subscribing to a Rs 3,456-crore preferential issue.
Two-wheeler dispatches to dealers also rose 6.63% to 14,29,928 units, compared to 13,41,005 units in January 2020
Alleged lapses in high-frequency trading offered through NSE''s co-location facility came under the scanner of the watchdog after a complaint was filed in 2015
Eicher Motors Ltd has lost 2.14% over last one month compared to 8.18% gain in S&P BSE Auto index and 3.57% rise in the SENSEX
Bata India slumped 6.31% to Rs 1470.45 after the footwear maker posted a 77.7% fall in consolidated net profit to Rs 26.42 crore on 25.9% drop in net sales to Rs 615.63 crore in Q3 FY21 over Q3 FY20.
Telecom stocks were trading in the positive zone, with the S&P BSE Telecom index rising 22.93 points or 1.59% at 1467.53 at 09:48 IST.
In an interview with Money9, Raj Khosla, Founder and MD of MyMoneyMantra.com says RBI's move to open up G-sec market should certainly improve retail participation and believes government securities provide excellent debt investment options.
Energy stocks were trading in the positive zone, with the S&P BSE Energy index rising 95.5 points or 1.57% at 6176.13 at 09:48 IST.