Key indices settled with modest gains after hitting a record high level on Friday. The Nifty managed to close above 13,500 level. PSU and metal stocks were in demand while pharma and IT shares declined.
As per the provisional closing data, the S&P BSE Sensex, rose 139.13 points or 0.3% at 46,099.08. The Nifty 50 index gained 28.55 points or 0.21% at 13,506.85.
The Sensex hit a record high of 46,309.63 while the Nifty 50 scaled a fresh record high of 13,579.35 in morning trade.
In the broader market, the S&P BSE Mid-Cap index gained 0.15% while the S&P BSE Small-Cap index was up 0.51%.
The market breadth was positive. On the BSE, 1,757 shares rose and 1,209 shares fell. A total of 152 shares were unchanged.
Domestic PV sales spurt 5% in Nov on festive fuel freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
SIAM finds itself in a tangle, releases inaccurate data then revises it
SIAM on Friday released inaccurate industry sales data for November with inflated numbers for Maruti Suzuki and later revised it
Sumant Banerji | December 11, 2020 | Updated 21:55 IST
SIAM collates and releases auto sales data every month
KEY HIGHLIGHTS:
SIAM revises it later to 4.65%
The error due to inflated numbers of units attributed to Maruti Suzuki
Maruti s over 50% market share led to a wild swing in industry figures
Sales indicate festive cheer is wearing off. In October, growth was 14.2%
Automotive industry body Society of Indian Automobile Manufacturers (SIAM) found itself in an embarrassing position on Friday when it had to revise industry sales data for November after it released inaccurate figures with inflated sales numbers for Maruti Suzuki, India s largest car maker.
According to the latest data by the Society of Indian Automobile Manufacturers, two-wheeler sales rose 13.43 per cent to 16,00,379 units, compared with 14,10,939 units in the same month last year
Passenger vehicle wholesale numbers up by nearly 13% in November: SIAM thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.