Page 2 - M Amp News Today

​Indian headline indices S&P BSE Sensex and Nifty traded lackluster in the early trade amid weak US handover. Nifty fell by over 100 points to hit the days low of 22,346.50 amid selling pressure in banks, auto and FMCG stocks.

M&M shares were trading at Rs 1920.50 against the previous close of Rs 1921.35 on BSE. Market cap of the firm stood at Rs 2.38 lakh crore.

Nifty rose 203 points to 22,326 and Sensex ended 655 points higher at 73,651 on the last trading day of FY24.

Mahindra & Mahindra remains committed to the utility vehicles segment and plans to introduce three pure EV utility vehicles. They are evaluating alternate fuels and anticipate high demand for electric UVs and SUVs.

The Mumbai-based auto majors passenger vehicle sales in the domestic market rose 40 per cent to 42,401 units last month against 30,358 in February last year, the auto major said in a statement.

Indian market closed marginally in the red. S&P BSE Sensex held on to 73000, Nifty50 closed below 22,200. Reliance Industries was up 1%, ICICI Bank hit a record high, and M&M closed at a fresh record high. Buying seen in telecom, capital goods, realty, consumer durables, and industrials. Some selling seen in oil & gas, public sector, and energy stocks.

BSA Bikes: These motorcycles will be produced in the UK for the domestic market and also exported to other developed markets such as the US, Australia and Japan, Anupam Thareja, co-founder, Classic Legends, told ET. BSA has been selling the Gold Star motorcycle model in the UK for more than a year through imports from India.

From the Sensex stocks, JSW Steel, M&M, Tata Steel, Bharti Airtel, and ICICI Bank opened with gains, while Infosys, TCS, Power Grid, Nestle India and Tech Mahindra opened with cuts.

Mahindra has trademarked the Scorpio X name in India, hinting at a new model based on the on-sale Scorpio-N. - Overdrive

Among the Sensex stocks, M&M, Bajaj Finserv, Maruti, ICICI Bank, and SBI opened in the red, while Power Grid, Kotak Bank, Asian Paints, JSW Steel, and HDFC Bank opened in the green.