Read more about Market Wrap, March 16: Here s all that happened in the markets today on Business Standard. BSE Sensex tumbled nearly 500 points from day s high and ended 31 points, or 0.06 per cent, lower at 50,364 levels. On the NSE, the Nifty50 closed at 14,910 levels, down 19 points
Domestic commercial vehicle (CV) sales in February grew in line with a pick-up in manufacturing and infrastructure activities. While the truck segment reported positive growth, the bus segment continues to be in red.
Tata Motors CV domestic sales rose by 22 per cent this February to 31,248 units from 25,572 units a year ago. Month-on-month, the growth was around two per cent, led by Medium and Heavy commercial vehicles (M&HCV), which grew 30 per cent year-on-year and I&LCV (68 per cent). However, passenger carriers reported a 63 per cent drop. A Tata Motors Spokesperson said CV sales have picked up and are growing quarter on quarter. The firm, whose CV Sales grew by 82 per cent in Q3FY21 over Q2FY21, expects the growth to continue in Q4 as well.
Sensex nosedives over 800 pts, investors lose Rs 1 38 lakh crore in 30 minutes indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
NEW DELHI: Nifty s consolidation run continued to the third consecutive day as the headline index formed a bearish candle on the daily chart. The 50-pack bluechips underperformed the broader market as the rally continued in the midcap and smallcap space.
Ajit Mishra, VP - Research, Religare Broking said, In absence of any major trigger, we may see further consolidation in markets. Meanwhile, the focus should be on position management. Nifty has the next major support around the 14,850-14,950 zone. Nifty made a move towards the mentioned resistance zone of 15,245-15,315. Since the move was lacking strength, the selling started after testing the lower range of 15,245, which eventually resulted in a decent intraday profit booking. Now, although the market looks a bit tentative, it is nowhere close to the trend reversal or sell off. Rather, it needs to be construed as a minor profit booking only, said Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking.