Auto Sector

The industry needs improvement from current levels to achieve analysts of IIFL Capital Services FY24 industry estimate of ~400k (+12% YoY).

Analysts of IIFL Capital Services see these moderating as exports from China pick up. LNG prices are relatively stable (EU storage full).

Furthermore, M&HCV bus sales increased by 110%.

In the past, Tata Steel has issued warnings about the possibility of considering site closure in the absence of government assistance.

With effect from September 1, 2023, Biocon Generics Inc. has bought Eywa's Cranbury factory, according to a statement from the Bengaluru-based business.

Passenger electric car sales, including international markets, increased by 54.95%.

According to the CME FedWatch tool, markets are pricing in a 93% chance of the Fed keeping interest rates unchanged this month and a 60% chance that there won't be any more increases this year.

Brent crude was up 17 cents, or 0.2%, at $88.72 per barrel. West Texas Intermediate (WTI) crude for the United States increased by 25 cents, or around 0.3%, to $85.80.

Spot gold increased 0.2% from Friday's high of $1,952.79 to $1,941.89 per ounce by 0127 GMT. To $1,967.90, U.S. gold futures increased by 0.1%.

The IPO exclusively comprises a fresh issue of Rs 1,000 crore, with no offer-for-sale component, as confirmed by the company in the draft red herring prospectus