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Maruti August numbers down by 9.2% - Markets down by 1.2%

September 1st, 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

Entry Filed under: Equity Markets, Automobile