The shift towards personal mobility from public transport amid the coronavirus pandemic will also help the sector, according to an ICRA report
At close, the Sensex was down 870 points or 1.74% at 49,159, and the Nifty was down 229 points or 1.54% at 14,637.
Roiled by falling rates of savings schemes, citizens are looking beyond them now but majority are still dependent on returns generated by the schemes
Concerns over rising Covid-19 cases have resulted in market volatility in the the past few days
Experts see the current levels as a golden opportunity for buyers
If you give up smoking, or smoke a pack of 10 sticks less a day, and invest the money in PPF or MFs, you can build a large part of your retirement corpus from this source
The 30-share index traded 1,091 points, or 2.18%, down at 48,938 at around 10.14 am (IST).
Ashok Leyland has reported 8- fold jump in sales (domestic + exports) during March 2021 at 17231 units as against 2126 units in March 2020
In opening trades Sensex slipped 395 points or 0.79% at 49,634. While the broader market index Nifty50 was at 14,790 down 76 points or 0.68%.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 82 points at the opening bell.