After sluggish sales in the first five months of this fiscal, automobiles and consumer electronics companies saw some surge in demand due to discounts and promotional offers during the ongoing Ganesh Chaturthi and Onam festivals, multiple reports said.
"In view of festivals like Onam, Navratri, Diwali, and Dussehra, electronics, automobile and smartphone companies are offering discounts of up to 30 percent to customers," the reports stated.
Maruti Suzuki reported a 10 pe...
Car, bikes, and electronics sale surge due to heavy discounts by companies
In the last three to four weeks, one finds that a single day’s movement, whether upward or downward, makes the trend or direction of the whole week. In the previous week, it was the movement on Thursday (Sep 12) while in the week prior to that, it was on Friday (Sep 6).
While Thursday was a sharp up day, Friday was the opposite and was a down day. In a week where markets gained on three of the five trading sessions, one saw the BSESENSEX gain 1,707.01 points, or 2.10 per cent,...
Festival mood in markets with liquidity driving uptrend
Indian equity indices closed in the green on Thursday led by metal, auto and banking stocks.
Sensex closed at 1,439 points or 1.77 per cent higher at 82,962 and Nifty closed 470 points or 1.89 per cent higher at 25,388.
Intraday, both Sensex and Nifty made a new all-time high of 83,116 and 25,433 respectively.
Buying was seen in the midcap and smallcap stocks. The Nifty Midcap 100 index was at 59,640, up 702 points or 1.19 per cent and the Nifty Smallcap 100 index was at 19,354...
Sensex, Nifty close at all-time high, led by metal and auto shares
