Commercial vehicle sales volumes may degrow by 3-6% in FY25: CARE Ratings

Following muted growth in FY24, Commercial Vehicle (CV) sales volumes are expected to register a degrowth by 3-6% in FY25 due to a slowdown in demand in both the Medium and Heavy Commercial Vehicle (MHCV)and Light Commercial Vehicle (LCV) segments, as well as high inventory levels with dealers, CARE Ratings has said.Demand is, however, likely … Read more

Chance of Biden dropping out of presidental race is 40%, Stifel says

There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, is out with a research note that calls it a “make or break week” for the president’s campaign as Congress returns from its Fourth of July recess. “There’s a 60% chance, more likely … Read more

Expect commercial vehicle volumes to witness 4-7 pc dip this fiscal: ICRA

Hit by a high base of last year and weakness in demand, the domestic commercial vehicle industry is expected to witness a dip of 4-7 per cent in wholesale volumes in the current fiscal as compared to FY23, rating agency Icra said on Friday. The medium and heavy commercial vehicle (trucks) volumes are expected to … Read more

Passenger vehicle wholesales in slow lane in May due to high base effect, elections

New Delhi: Passenger vehicle wholesales in India witnessed a marginal growth in May on account of high base effect and muted demand due to general elections. The overall passenger vehicle dispatches from companies to dealers stood at 3,50,257 lakh units last month as compared to 3,35,436 in the same month a year ago, registering a … Read more

stock market volatility: Longest-streak ever! Fear gauge VIX rises for 11th day on election concerns

A gauge of volatility in Indian stocks has risen in its longest streak ever, underscoring growing uncertainty over the outcome of the nation’s general elections as polling gets underway. The India NSE Volatility Index — which uses equity option prices to measure expected market swings over the next 30 days — is heading for its … Read more

general elections: ETMarkets Fund Manager Talk: Uncertainty surrounding upcoming general elections has dissipated: Torus ORO PMS

The outcome of the recently concluded assembly elections in five states has sent a clear message that the uncertainty surrounding the upcoming general elections has dissipated, says Nitin Agarwal. CEO, Torus ORO PMS. “With Prime Minister Narendra Modi’s strong showing, investors can now anticipate continued stability and a focus on growth-oriented policies. This aligns perfectly … Read more

Nifty: Nifty likely to move up after polls, trade at 23,500-24,300

Mumbai: SBI Securities has set a target range of 23,500-24,300 for the Nifty in 2024. This implies an upside of 8.5%-12.15% over the index’s Tuesday closing of 21,665. The brokerage said in a report that while a significant number of indicators now reflect an overbought condition after the recent run-up, there is a likelihood that … Read more

general elections: ETMarkets Smart Talk: General elections, Budget among top 4 events to track in 2024: Sunny Agrawal

“From the next 6 to 12 months’ perspective, we expect the domestic equity market to remain buoyant and have room to further go up by 8-10%,” Sunny Agrawal, Head of Fundamental Equity Research, SBI Securities, said.In an interview with ETMarkets, Agrawal said: “BFSI, Real Estate, Auto, Cement, Engineering/Cap Goods, Infra, Railways, Defence, Renewables, IT, Biofuels … Read more