Auto Sector

For February 2023, inflows into active equity funds remained robust at Rs15,686 crore.

On the back of negative global cues, Indian equity markets end in red.

Tata Steel will manufacture some components and seats of Vande Bharat coaches.

MGL’s acquisition of Unison Enviro Pvt Ltd (UEPL) from its erstwhile owners Ashoka Buildcon and Morgan Stanley India Infrastructure Fund for Rs5.31 billion, presents an opportunity for the company to expand its operations beyond Mumbai and the areas which otherwise restricted the overall volume growth, due to constraints on capacity additions.

Analysts at IIFL Capital Services have maintained their positive stance on the Power sector where fundamentals are improving (demand>supply).

This open-ended fund will invest predominantly in AA+ and above rated corporate bonds with a relatively high interest rate risk and moderate credit risk.

As per the company’s 2022 annual report, currently Tata Motors holds 74.69% stake in the firm while Alpha TC Holdings Pte has 7.26% stake.

The Fed testimony presented by Jerome Powell to the Senate Committee on Banking underlines hawkish turn and has two implications.

Here are some stocks that may show significant price movement today.

Global cues are negative today.