‘Make in India’ range Rover soon
JLR’s Pune plant will be first to roll out luxury brand outside UK. Fifty-four years after it started manufacturing range Rover in the UK, Tata Motors-owned... Key Points
The Tribune IndiaMarket Trading Guide: 2 stock recommendations for Wednesday
Nifty remained volatile within a narrow range as traders remained uncertain ahead of the Fed Chair's scheduled speech tomorrow (Wednesday). On the daily chart, Nifty encountered resistance at the 21EMA and closed just below it. If it manages to surpass the 21EMA, which is currently around 19,414, it could potentially head towards the 19,650-19,700 range. On the downside, support is situated at 19,300, said Rupak De, LKP Securities. Key Points
Economic TimesJaguar will evolve into all-electric luxury brand says Chandrasekaran
Jaguar Land Rover plans to become an all-electric luxury brand, with the first new electric cars set to arrive in 2025. JLR will start making pure-electric versions of popular models, with the pure-electric range Rover set to be available for pre-order later this year. Key Points
mintLonger-term bullish trend continues in broader market: Laurence Balanco, CLSA
India's Nifty index is likely to remain trend-less for the next two quarters, with support around 15,400 and resistance at 18,600, according to Laurence Balanco, Technical Analyst at CLSA. The Nifty has been in a ranging period for 16 months, which could extend for another six months, capping relative performance against the EM basket. Balanco also recommended investors reduce exposure to the auto sector, with IT and FMCG more likely to provide relative outperformance. Key Points
Economic TimesSamsung launches new OLED smart TVs in India starting at Rs 1.7 lakh: check specs and availability
Samsung has launched a new made-in-India OLED TV series with Neural Quantum Processor 4K. The new smart TV range offers two series S95C and S90C. Key Points
India TodayDollar drifts as Fed clues awaited; bitcoin hits 2-year high
By Kevin Buckland TOKYO (Reuters) -The U.S. dollar drifted within a tight range on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the Key Points
ThePrintCommerce ministry looking at fixing export target in a range for this fiscal
With the increasing global economic uncertainties, the commerce ministry is looking at fixing this fiscal year's export target in a range instead of a single figure, an official said. To set the target range, a detailed study on 200 countries and 31 commodity groups is in the process, the official said. Key Points
Economic TimesIs the worst over for market? Don’t be so hasty, says Nitin Raheja
The Indian stock market is likely to trade in a range for some time, with volatility possibly returning. Selecting the best private bank requires assessing its risk management culture and consistent growth, combined with a liability franchise better than its peers, and clean books. While IT stocks are currently underperforming, Raheja believes these companies have generated cash and dividends during prior economic cycles, and represent a potential value play. Key Points
Economic TimesBreakout above 21,600 could take Nifty to 22,000-22,200
Nifty has rallied from 18,850 to 21,593 in the last two months. After this 2,700-point rally, the index closed with a indecisive candlestick last week. FII index longs have reached 65.5% level, which is near the upper range. Nifty is likely to trade volatile in the 20,950-21,600 range in the coming weeks. Key Points
Economic TimesStock Radar: Possibility of resumption in uptrend after consolidation makes this hotel stock attractive
The stock hit a 52-week high of Rs 405 on 19th June 2023 but failed to hold on to the momentum. The stock consolidated in a narrow range where Rs 400 acted as a strong resistance, while on the downside, support was above Rs 370. The support also corresponds with the 50-DMA on the daily charts. The stock did surpass Rs 400 levels in intraday trade on Thursday when it hit a high of Rs 405 but saw some profit-taking in Friday’s trade. Key Points
Economic Times
Samsung launches 2023 range of semi-automatic washing machines, price starts at ₹15,000
Samsung’s 2023 range of semi-automatic washing machines will be offered in 8 kg and 9 kg capacity. The new line-up will be available at a price range of ₹15,000 to ₹18,000. Key Points
mintStocks to buy: HAL, M&M, RIL among six stocks to buy for the short term
The market is witnessing positive momentum however, the short term outlook remains hazy. Analysts recommend following a stock-specific approach in this market. Based on the recommendations of several analysts, here are six stocks that look attractive on technical charts. Take a look. Key Points
mintOuter range Season 2 release date on Prime Video: What we know so far
Outer range Season 2 release date on Prime Video has been announced. Makers have also revealed insight details about the show. Key Points
Economic TimesPanasonic introduces 60 AC models for 2024
We developed and manufactured our new range of ACs, keeping the evolving needs of our consumers in mind. The new line-up of ACs, comprising India's first matter-enabled RACs will not only provide inter-operability but, is also simple to use, reliable and secure, said Managing Director Fumiyasu Fujimori. Key Points
Economic TimesFrigid weather can cut electric vehicle range and make charging tough. Here's what you need to know
Frigid temperatures have caused problems for electric-vehicle owners, such as reduced driving range and long waits at charging stations. In Oak Brook, Illinois, Teslas were running out of juice while waiting in line at a Supercharger station. Outside of Ann Arbor, Michigan, Teslas were plugged in at charging stations as the wind howled. EVs lose travel range in the cold, and charging is slower in extreme cold. Cold weather slows down the movement of lithium ions in EV batteries, affecting range and charging speed. Preconditioning the battery before charging and advancements in battery technology are ways to address this issue. Key Points
Economic Times
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 34%
After the last few weeks of correction, the broader market indices like nifty and sensex have been showing signs that bears will have to wait before they can make any serious attempt to control the street. However, recent RBI changes have impacted sectors like banks and financial services and if one looks at the overall composition of every index, when this sector gets impacted everything else gets impacted. That is probably the reason why indexes are moving in range bound mode today. These selected stocks depict a strong upward trajectory in their overall average score. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesIndian shares tread water as rate worries dent risk appetite
Indian benchmark Nifty (.NSEI) traded in a narrow range on Tuesday as traders held off making big bets amid continued selling by foreign investors, while domestic institutional buying offered some cushion. Key Points
ReutersStocks to buy this week: Experts suggest these six technical picks; do you own any?
Sensex and Nifty have been correcting after hitting record highs due to softer Q1FY24 earnings of heavyweights like Infosys and Reliance Industries. Investors are cautious ahead of the US Fed meeting outcome on July 26. Key Points
mintXiaomi CEO teases price of company's first car, showrooms begin displaying vehicle
Xiaomi's CEO revealed plans for the company's first electric vehicle, aiming for it to be the best-looking, easiest to drive, and smartest car under $69,424. The car, named SU7, will be available for order this week, with two versions offering driving ranges of up to 668km and 800km. Key Points
Economic TimesAbhishek Agarwal sees Nifty trading in 17,000-18,500 range in FY24; PSU could be dark horse
Rockstud Capital Managing Partner Abhishek Agarwal predicts that Indian markets will remain range-bound between 17,000 and 18,500 due to factors such as inflation and foreign investors moving out of emerging markets. However, he believes that PSU banks will perform well due to NPAs falling on a quarterly basis and a higher share of the marginal cost of funds based lending rates. Key Points
Economic Times
'Strange Planet': Apple TV+ unveils trailer of animated series. See details
Apple TV+ has released the first trailer for 'Strange Planet'. It is a whimsical adult animated series, which will be showcased on August 9. It talks about the beings on a distant planet. Key Points
Economic TimesGIFT Nifty up 40 points; here's the trading setup for today's session
Overall we expect the market to trade in range with positive bias. Globally investors would watch out for US & Europe Consumer Confidence Data, said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. Key Points
Economic TimesThe driving force behind EV sales: It's range, baby!
Tata Motors dominates the domestic EV market with its Tiago, Nexon and Tigor models, followed by MG Motor India's Comet and Mahindra & Mahindra's XUV400. The electrification wave is also capturing the luxury car segment, where Mercedes EQS has the highest claimed driving range of 857 km, Audi Q8 e-tron at 600 km and BMW i7 a range of 590 km, according to market researcher Jato Dynamics. Key Points
Economic TimesSensex, Nifty open higher as global cues improve; Zomato surges 3%
The S&P BSE Sensex was up 359.91 points at 64,723.69 at 9:40 am, while the NSE Nifty 50 rose 110.05 points to 19,340.65. Key Points
India TodayAeroflex Industries IPO opens. Should you subscribe to the issue?
Aeroflex Industries is a market leader in the field of metallic flexible flow solutions, offering a comprehensive range of products including corrugated stainless steel hoses and interlock flexible metal hoses. The company has grown at more than 37% revenue CAGR in the last three years, operating at more than 4.85 times asset turnover, over 20% EBITA margins and generating approximately 32% ROCE. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/NKT6V2KC6VLXHLPCLANU6RAPG4.jpg)
Rupee to likely hold narrow range on elevated risk appetite, U.S. yields
The Indian rupee is expected to open little changed on Monday and hold a narrow range through the session due to upbeat risk appetite and a further uptick in U.S. yields. Key Points
ReutersIs there still scope for banks to raise interest rates for FDs? Lakshmi Iyer explains
So it looks like the case for being on an extended pause seems to get accentuated after the recent inflation numbers, both domestically as well as globally. So, we believe that coupled with the fact that there is a week on week supply and also one cannot wish away the fact that the IIP data though it is a lag indicator, it is slightly on the softer side, means that markets will sooner than later start discounting rate cuts. Key Points
Economic TimesJaguar Land Rover To Invest £15 Billion Over Next Five Years In Electric Push
The arm of Tata Motors Ltd. is executing this strategy to honour its commitment of achieving net-zero carbon emissions by 2039. Key Points
BQ PrimeTata Punch EV vs Citroen eC3: Here's which electric car offers more bang for the buck
Tata Motors strengthens its position in the electric passenger vehicle market with the launch of the Punch EV. This model competes with the Citroen eC3 and offers design upgrades including a LED light bar, split LED headlights, silver faux skid plate, Y-shaped brake lights, roof spoiler, and redesigned bumper. Key Points
Economic TimesRupee ends flat against US dollar
Mumbai, Oct 27 (PTI) The rupee paused its three-day downward move to settle flat at 83.25 against the US dollar on Friday as the support from positive domestic equities was negated by surging crude oil prices. Forex traders said the rupee consolidated in a narrow range as selling pressure from foreign equity investors continued to […] Key Points
ThePrint
Godrej Consumer & Reliance can go places, says Sudip Bandyopadhyay. Here’s why
According to Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, stocks worth looking at include Godrej Consumer and Reliance Industries, both of which have been hovering in a range for the last five to six years. With Godrej Consumer, the new management and well-spread-out business across different geographies in the world are reasons to expect a breakout. As for Reliance Industries, the company's multiple businesses will be segregated over time, leading to a significant upward value movement. Key Points
Economic TimesRupee rises 4 paise against US dollar
Mumbai, Jun 9 (PTI) The rupee appreciated by 4 paise to close at 82.47 against the US dollar on Friday amid a weak sentiment in domestic equities. Forex traders said a strong dollar overseas and fresh foreign capital outflows capped the gains in the domestic currency. At the interbank foreign exchange, the domestic unit opened […] Key Points
ThePrintHow Greaves aims to capture a bigger share of the electric two-wheeler market
Greaves plans to launch affordable two-wheelers with advanced features and connected technology to address range anxiety. Predictive maintenance and alerts for aggressive driving patterns ensure reliability and inform user decisions. Key Points
Economic Times