Stock Market Today: The GIFT Nifty on the NSE IX fell by 8.5 points, or 0.04 percent, to 22,481.50, indicating that Dalal Street will likely have a quiet start to the week. Wall Street fell ahead of several significant US trading cues, while Tokyo shares eased Tuesday morning following a record close the day before.In early trading, the benchmark Nikkei 225 index dropped 0.38 percent, or 151.73 points, to 39,957.50, while the Topix index as a whole down 0.32 percent, or 8.59 points, to 2,697.69. Following a weak US dollar abroad and a good mood in the equities market, the rupee gained 1 paisa to close at 82.90 against the US dollar on Monday.
Stock Market Today: Stocks in focus
Maruti Suzuki India
With at least six out of every ten new models scheduled for release over the next three years, beginning in FY25, the automaker is getting ready for a big push towards SUVs. This action highlights the Japanese carmaker’s intention to increase its attention on SUVs in reaction to a rapid change in consumer preferences. Insiders acquainted with the company’s intentions claim that the next launches will increase the model portfolio of the SUV maker, which makes the Grand Vitara and Brezza models, to about thirty.
Angel One
In February, the brokerage business said that its clientele had increased by 4.9% on a month-over-month basis and by 60.8% on an annual basis. By the end of February 2023, there were 2.14 crore clients, up from 2.04 crore at the end of January and 1.33 crore at the end of February 2023. The company’s gross client acquisition for the month was 10.1 lakh, down 1.7% from 10.3 lakh in January but a noteworthy 126.80% year-over-year rise from 4.5 lakh in the corresponding month of the previous year.
Tata Motors
The top Indian automaker has said that it will split its passenger and commercial vehicle divisions into two different listed companies. This calculated decision shows the company’s faith in the future of both industries and aims to unleash potential value. The passenger vehicles (PV) division of Tata Motors, which makes cars, SUVs, and electric vehicles (EV), will run independently from the commercial vehicles (CV) division, which makes trucks, vans, and buses. Over 80% of the revenue generated by the British luxury automobile manufacturer Jaguar Land Rover (JLR) is also attributed to the PV sector.
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