Auto Sector

Spot gold was down 0.1% at $1,952.58 per ounce. To $1,957.20, U.S. gold futures were down 0.4%.

The euro hovered just below that top at $1.1228 after rising 2.4% last week to a 16-month high. The yen maintained steady at 138.69 per dollar last week, rising 2.4% overall.

Brent crude futures were down 57 cents, or 0.7%, to $79.30 per barrel, while U.S. West Texas Intermediate crude was down 52 cents, or 0.7%, to $74.90 per barrel.

The partnership aims to cover a wide range of vehicles, including utility vehicles, light commercial vehicles, farm equipment, and tractors.

Petrol and Diesel prices in cities across India on 17-07-2023

Recommendation: Reduce; Target price: Rs 3500

The issue comprises fresh equity shares of worth Rs 206 crore and an offer-for-sale (OFS) component with promoters and shareholders offloading shares totalling Rs 425 crore.

As a whole, exports decreased from 14,25,967 units in the same period last year to 10,32,449 units in the first quarter that concluded on June 30, 2023.

Nestle India plans to invest Rs 894.10 crore in setting up this unit.

Moderating API costs and hence anticipated GM improvement lend comfort tour assumption of ~200bps Ebitda margin expansion for the Pharma sector over FY23- 25.