Nifty Auto index registered a gain of about 1%.
The business will be set up under a new venture ‘Novel Jewels Ltd.'
On the sectoral front, the Nifty IT index is trading 2.23% lower.
Shares reaching a new 52-week high of Rs 129 is driven by optimism surrounding the Kavach system
Analysts of IIFL Securities cut estimates by ~10% for FY24-25 and downgrade to REDUCE.
Globally, US markets wrapped up in red territory.
In India's fiercely competitive SUV market, Honda Elevate will face off against rivals like Kia Seltos, Maruti Grand Vitara, VW Taigun, MG Astor, Hyundai Creta, etc. for market share.
Investors are eagerly eyeing the US Monetary Policy meeting to be held on June 8, 2023.
Divis Lab (-1.42%) is the top laggard on the nifty index today.
The Wonderla Holidays Ltd stock has delivered a return of 62.15 % over the past five years.