Auto Sector

The month of September 2023 saw net FPI selling for the first time since February. FPI selling was largely driven by global factors. Power and oil saw FPI selling while capital goods saw aggressive buying by the FPIs.

The markets almost close the week flat, but there were diverse trends visible While IT was clearly in the green, the oil & gas and auto sectors saw pressure building up. RBI policy put pressure on the markets, due to its distinctively hawkish undertone.

Foreign portfolio investors (FPIs) sold close to $1 billion of equities in the Indian market in the first week of October. While US bond yields and dollar index did matter, it was the more than expected hawkish view of the RBI in its October policy that heightened FPI selling.

The latest week was marked by a relatively hawkish monetary policy by the RBI and a sharp fall in the price of oil, helping the Nifty to close flat. The coming week will be dominated by data flows like India inflation, India IIP, US inflation, US Fed minutes and the start of the Q2FY24 results season with focus on IT.

Almost all vehicle categories experienced an uptick, with 2W experiencing an increase of 22%, PV at 19%, 3W rising by 49%, and CV increasing by 5%.

The FIR filed on October 5 accuses the Munjal of forging documents, defrauding people, and fabricating financial records totaling Rs 5.94 crore in order to claim a tax credit of Rs 55.5 lakh.

According to ET Now, which cited unnamed sources, disagreements among the founders could cause a delay in the transaction until an agreement on the valuation is reached.

With the funds, the business will collaborate with insurance partners to develop a technology solution that enables a smooth and open claims procedure.

In the United States, sales of Sugammadex Injection, 200 mg/2 mL (100 mg/mL) and 500 mg/5 mL (100 mg/mL), SingleDose Vial, totaled $986 million in 2017 (IQVIA MAT Aug 2023).

Dhoni appreciates JioMart's purpose to support the digital retail revolution in India and resonate with its values