Top gainer: Bajaj Auto 11,448 ▲ 460 (+4.1%)
Top loser: Tata Motors 980 ▼ 55 (-5.3%)
Tata Motors skids over 5.5%, slips below ₹1,000 level
On Tuesday, Tata Motors said it has reduced prices of its electric vehicle model range by up to ₹3 lakh. The Mumbai-based automaker said it has reduced the price of Nexon EV by up to ₹3 lakh, Punch EV by ₹1.2 lakh, and Tiago EV by ₹40,000. Shares of Tata Motors declined up to 5.75% to ₹976 apiece on the BSE in the morning trade on Wednesday, September 11, amid news reports that global brokerage firm UBS has assigned a ‘sell’ rating on the stock with a target price of ₹825. Read more
Oil prices slip to 3-year low; Asian Paints, Indigo Paints, MRF, JK Tyre, ONGC in focus
Asian Paints, Kansai Nerolac, Indigo Paints, and other paint stocks are expected to trade with gains on Wednesday, September 11, as crude oil prices hovered around three-year lows on concerns over a weak demand outlook. Both Brent and WTI fell nearly $3 on Tuesday, with Brent hitting its lowest level since December 2021 and WTI falling to a May 2023 trough after OPEC+ revised down its demand forecast for this year and 2025. Read more
Stocks to watch on September 11: HDFC Bank, IndiGo, HZL, Ramco Systems, Ashoka Buildcon
The benchmark stock indices are expected to see a flat start to trading on Wednesday, September 11. At 7:58 AM, the GIFT Nifty futures were trading 0.09% lower at 25,090 levels. This, as per publicly available information, signals that the NIFTY50 will open 7 points higher. Read more