Stay updated with breaking news from Uno Minda. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
We mentioned yesterday that the indices may bounce back a bit. After remaining weak for the first half of the session, the main indices bounced bank and closed in the green. On Wednesday, 2179 stocks advanced, 1597 declined and 114 remained unchanged, with an advance decline ratio of 1.36 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
For more such web stories click on the ET
Global brokerage house Nomura has increased its exposure of Indian equities in its Asia ex-Japan portfolio, maintaining an overweight position on Indian stocks despite high valuations. India now holds a weight of 19 percent, up from 18.2 percent in September 2023, in Nomura's portfolio.
In the BSE Auto index, Sundaram Fastners is going to replace UNO Minda, and Jindal Stainless will replace National Aluminium Company in the Metal index.
In order to set up additional capacities to meet the future demand, automotive ancillaries major Uno Minda Ltd is building land banks in different states, said a top company official.