Sensex 29571.04 292.2 1%
Nifty 8910.5 74.9 0.85%
Car sales in India declined by 12.45% to 1,73,420 units in January this year compared to 1,98,079 units in the same month of 2012, SIAM reportedly said.
Society of Indian Automobile Manufacturers (SIAM) reported that motorcycle sales in last month grew by 7.45% to 8,86,527 units from 8,25,050 units in the same month previous year.
Total two-wheeler sales in January 2013 increased by 8.46% to 12,06,937 units from 11,12,767 units in the same period of previous year, says SIAM.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.