Auto sales, BSE Sensex, NSE Nifty, Indian rupee, US dollar, Gold rate, more
Domestic car sales were in a slow lane in June with major manufacturers Maruti Suzuki and Hyundai posting single digit growth as the auto industry continued to face challenging times. Honda Cars India and Tata Motors posted double digit growth while Mahindra & Mahindra and Toyota reported decline in sales during the month. Country's largest carmaker Maruti Suzuki said its domestic sales increased 1.6 per cent in the month to 1,02,626 units as against 1,00,964 units a year ago.
BSE Sensex reclaimed the 28,000-mark after 2-1/2 months after surging by 240 points on across-the-board buying after the government promised capital support to PSU banks, while improved macroeconomic data also boosted market sentiment. The 50-share NSE Nifty also regained the 8,400-mark by climbing 84.55 points or 1.01 per cent to 8,453.05. The index had ended at nearly 2-1/2 months high at 8,453.05, disclosing a gain of 84.35 points or 1.01 per cent.
Major gainers were BHEL (3.67 pc), Axis Bank (3.60 pc), Cipla (2.75 pc), Tata Motors (2.36 pc), SBI (1.83 pc), TCS (1.54 pc), L&T (1.52 pc), Wipro (1.51 pc), ICICI bank (1.35 pc), ONGC (1.31 pc), Infosys (1.25 pc), Vedanta (1.15 pc) and Bharti Airtel (1.10 pc).
In restricted trading, Indian rupee ended marginally higher by three paise to 63.61 against the American currency on mild selling of dollars by banks and exporters on hopes of foreign capital inflows into equities. The rupee opened lower at 63.66 per dollar at the Interbank Foreign Exchange as against Tuesday's closing level of 63.64 and dropped further to 63.68 on initial dollar demand from banks.
Gold prices continued to slide for the second straight day and fell by Rs 140 to Rs 26,710 per ten grams at the bullion market on Wednesday largely in tandem with a weak global trend and slackened demand from jewellers. Silver followed suit and shed Rs 100 to Rs 36,050 per kg.
India's manufacturing sector eased in June due to weak growth in new business inflows as companies took a cautious line on hiring, an HSBC survey said on Wednesday. The HSBC India Purchasing Managers' Index (PMI) fell to 51.3 in June from 52.6 in May, amid slowest rise in new orders since September 2014.
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