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Unlike benchmark indices, the broader markets ended today’s session with gains. The BSE MidCap index rallied 149 points or 0.58% to 25,869.
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Sales of passenger vehicles, which comprise cars, SUVs and vans, dipped 22% in October due to supply-side constraints.
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As more people are drinking beer at home, spirits companies are seeing higher sales at retail stores
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HDFC is seeing strong growth in housing loan disbursement leveraging demand. High buffer provisions at 1.3% helps bring down credit costs.
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Tata Motors should witness a gradual recovery from Q2FY22 lows as supply-side issues ease and commodity headwinds stabilize
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The retail and DII enthusiasm is getting fundamental support from positive economic data like record GST collections, PMI at 55.9 and Q2 earnings.
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Hero MotoCorp sold 547,970 units of two-wheelers in October 2021. Sales stood at 8.07 lakh units in October 2020.
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Motilal Oswal Financial Services is bullish on L&T Technology Services with a price target of Rs 5,110 per share.
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Wall Street's main indexes notched record closing highs on November 1 as Tesla shares surged and the energy sector gained.
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If you look at the past, valuations might be expensive but if you look at the future on the sector-to-sector basis, they might not be that expensive.