Posts filed under 'Automobile'
Tuesday, September 09, 2008 11:46:41 AM IST
Markets are range bound in the last hour of trade and made few failed efforts to come out. Nifty is at 4441 down 0.91%. BSE Sensex slips by 145 points and is at 14799 levels and down by 0.97%. BSE Auto Index is down 1.08%. M&M, Hero Honda and Tata Motors are in the red.
CNX IT recovered a bit but is still down 0.84%. Bank Nifty is down 1.48%. CNX 100 is down 1% and CNX 500 is down 0.83%.
BSE Midcap and Smallcap indices are down 0.35% and 0.11% respectively. Top losing sectors on the BSE are Bankex, Auto, Metal and Realty.
M&M, Hero Honda are down over 2% while Tata Motors is down over 1.8%
1 U.S. dollar = 44.4998 Indian Rupees
1 U.S. dollar = 107.8632 Japanese Yens
1 U.S. dollar = 0.7094 Euros
1 Ounce Gold = $796.20
1 Barrel Crude Oil = $104.98
September 9th, 2008
Monday, September 08, 2008 11:27:19 AM IST
Despite mixed August 2008 sales numbers, Auto stocks are managing to stay in the green. All the 11 stocks in the BSE Auto Index are trading in green. NSE is at 4505.55 up 3.52%. BSE is at 15,013.08 up 529.25 points or 3.65%
Maturi Suzuki (BSE Script Code: 532500) crossed the Rs. 700 mark and is up 3.04% Bosch Ltd (BSE Script Id: 500530) crossed the Rs. 3900 mark and is up 1.46% today.
Other Auto gainers so far include the auto ancillary and forging company Bharat Forge that is up 5.21% today. The gainers list also includes Hero Honda, Tata Motors, Amtek Auto (all up over 3%)
The stock markets are continuing to hold the opening gains. Bankex and Capital goods sectoral indices on the BSE are now up over 4.8% each.
Reliance Infra gained buyer attention. The script is now up 7.66% on the NSE Nifty is testing the 1100 levels mark.
1 U.S. dollar = 44.4444 Indian Rupees
1 U.S. dollar = 108.1899 Japanese Yens
1 U.S. dollar = 0.6949 Euros
1 Ounce Gold = $815.50
1 Barrel Crude Oil = $108.47
September 8th, 2008
Monday, September 01, 2008 11:32:03 AM IST
India’s #1 car maker Maruti has announced a dip in the sales by 9.2% for the month of August 2008. CNX Nifty is down by 1.21% at 4307. Sensex is at 14335 down by 1.57%. BSE Auto sectoral index is down 0.97%. Maruti Suzuki India Limited (NSE: MARTUI; ISIN Code: INE585B01010) is trading in the red today. The script is trading at 626.00 levels down by 3.63%.
Maruti is able to sell 59,908 vehicles this August compared to 65,968 vehicles sold in August 2007. Most of the dip in the numbers came from the A1, A2, A3 and the C-segment cars. All these categories reported a dup by 11%.
The BSE Auto index is in the red today. Top losers include Maruti Suzuki (down over 4%), Apollo Tyres (down over 3%), Tata Motors (down 2.1%), Cimmuns India, M&M (both down over 1%).
CNX IT is trading firm and is up 0.14%. Bank Nifty slipped a bit more during the last hour and is currently in the red by 2.3%. Top Banking stock losers of the day include Kotak Bank (down 3%), ICICI Bank, SBI, Axis Bank and Oriental Bank (all down over 2%)
1 U.S. dollar = 43.7407 Indian Rupees
1 U.S. dollar = 108.2368 Japanese Yens
1 U.S. dollar = 0.6838 Euros
1 Ounce Gold = $830.50
1 Barrel Crude Oil = $116.41
September 1st, 2008
Friday, August 29, 2008 12:30:12 PM IST
Stocks gained further inroads as Banks and Realty stocks continue to get buying interest. CNX Nifty is at 4353.45 up 3.31%. Bank Nifty is up 6.51%. BSE Sensex is up 497 points and is up 3.54%
ICICI Bank is up 7.39%. SBI, Punjab National Bank, HDFC Bank are up 6.78%, 6.68%, 5.27% respectively on the NSE.
MRF Limited (NSE:MRF; ISIN Code:INE883A01011) has entered into aviation tyre business with its ‘Aero Muscle’ tyre brand. These tyres will be used by Chetak helicopters of the Indian Military. The tyres have been tested and had been given approval by two airworthiness testing centres.
MRF plans to take help from the Defence Ministry to make the tyres economically viable. MRF says the tyres will be manufactured from its Arakkonam facility in Tamil Nadu till a dedicated facility comes up at its existing plant at Medak, Andhra Pradesh.
The script is trading at 3524 levels on the BSE. Its 52-week high price is 8955.55 and 52-week low price is 3050.00
Its peer Apollo Tyres is trading at 40.05 (unchanged)
1 U.S. dollar = 43.7005 Indian Rupees
1 U.S. dollar = 109.4211 Japanese Yens
1 U.S. dollar = 0.6806 Euros
1 Ounce Gold = $834.30
1 Barrel Crude Oil = $116.85
August 29th, 2008
Thursday, August 28, 2008 10:31:21 AM IST
The stock markets had a gap up opening but soon slipped into the red. The NSE Nifty is at 4285.55 down 0.15%. BSE Sensex is at 14282 levels down 14 points or 0.10%
CNX IT is up 0.07% and Bank Nifty is up 0.12%. CNX 100 is marginally in the red down 0.11%. The border CNX 500 is down 0.13%.
Nifty gainers so far include Cipla, Maruti, Cairn (all up over 1%), Sterlite Industries, Ambhuja Cement, Bharti Airtel, Satyam, Hero Honda, Tata Power and ACC (all marginally in the green)
Top Nifty losers list is lead by metal stocks. Hindalco is down over 3%. SAIL is down over 2%. DLF, BHEL, Tata steel (all down over 1%) followed by Grasim, NTPC, ITC, ONGC and Dr. Reddy (all marginally in the red)
Amongst sectoral indices, Realty continues to see downtrend with the BSE Realty index down over 1%. Other sectoral losers include PSU, Metal, FMCG, Oil & Gas. Top sectoral gainers on the BSE include Consumer Durables, Auto, Bankex, Health care and IT.
Mahindra & Mahindra is in news after reports that the company is working on a possible takeover of Malaguti Moto, an Italian motorcycle and scooter company. It may be recalled the company has recently picked up the 2-wheeler business of Kinetic. If the Italian takeover is successful, M&M not only will be expanding its market width but also the product depth in the already competitive 2 wheeler market. The company is also believed to be in talks with various Chinese component sourcing companies, particularly with China’s #2 component maker Locin.
M&M is trading at 578.75 on the NSE. Its 52-week high is at 873.90 and 52-week low is 427.10
Top gainers in the BSE Auto sectoral index include Exide industries (up 3%), Maruti Suzuki, M&M, Hero Honda (all marginally in the green). Top losers in the pack include Amtek Auto, Bajaj Auto, Bosch, Apollo Tyres amongst others.
1 U.S. dollar = 43.7005 Indian Rupees
1 U.S. dollar = 109.5050 Japanese Yens
1 U.S. dollar = 0.6802 Euros
1 Ounce Gold = $833.00
1 Barrel Crude Oil = $118.97
August 28th, 2008
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