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NIFTY analysis with experts, Performance review of TATA Motors and Maruti Suzuki, Indian markets couldn’t hold 10,900…. Market updates for 03/12/18

PurpleTrades - stock market courses > News > NIFTY analysis with experts, Performance review of TATA Motors and Maruti Suzuki, Indian markets couldn’t hold 10,900…. Market updates for 03/12/18

Report by- Sabyasachi Bhattacharya


Tata Motors sales decline by 3.8% to 52,464 units this November-

Tata Motors on December 1 reported 3.8 percent decline in domestic sales to 50,470 units in November as compared to 52,464 in the same month last year. This was “due to low consumer sentiments as a result of liquidity crisis in the industry, higher interest rates and rising fuel costs,” the company said in a statement. Tata Motor’s Commercial Vehicles (CV) domestic sales declined 5.15 percent in November to 33,488 units compared to 35,307 sold last November. Its passenger vehicles domestic sales witnessed a decline of 1.01 percent to 16,982 units, as compared to 17,157 units sold in November 2017. “November 2018 was a challenging month for the industry with muted consumer sentiment caused by liquidity crunch, non availability of retail finance and moderate festive season,” it added. The recently launched Tiago NRG, Nexon KRAZ limited edition, all-new Tigor and the JTP range of cars have received good response in the market. “The company expects the fervour to continue with the introduction of Tata Harrier in early 2019,” said Tata Motors. The M&HCV (medium and heavy commercial vehicle) truck segment declined by 23.79 per cent, to 9,793 units compared to 12,851 units over November last year. While, I&LCV (light and intermediate commercial vehicles) truck segment reported a growth of 2.18 percent to 4,071 units as against 3,984 units sold in November 2017.

Source- MoneyControl, Purple Trades Research Department   


Maruti Suzuki sales decline by 0.7% to 1.53Lakh units this November-

Maruti Suzuki India registered 0.7 percent decline in its November 2018 sales numbers on the back of weak export sales data. The company sold a total of 1,53,539 units in November 2018 against sales of 1,54,600 units in the month of November 2017. The total sales includes 1,46,018 units in domestic market and 7,521 units of exports. Its domestic sales were up by 0.5 percent year-on-year, while exports fell 19.1 percent to 7521 units. Total domestic passenger vehicle sales were down 0.3 percent at 1,43,890, while light commercial vehicles sales increased by 112.2 percent at 2,128 units.

Source- MoneyControl, Purple Trades Research Department   





Indian Indices remained flat as it couldn’t hold 10,900-

Chart source- ChartInk

Indian markets had a mixed day today as major Index Nifty remained at the same level as yesterday. The gains in Nifty was mainly due to the Gap-Up that it had today. After the Gap-Up it didn’t move any higher and started to come downwards. It got a support at the level of 10,850. Nifty was somehow able to hold on to the winning streak that it created for the past few day. At the end of the day benchmark indices ended marginally higher on Friday, but the Nifty could not hold on to 10,900 level. This is sixth consecutive day gain recorded by the indices. So after trading around the flat line for a greater part of the session, equity benchmarks have ended in the green. The Nifty failed to close above 10,900, though. Consumption, IT, metals and PSU banks were the big gainers, while the Nifty Midcap index outperformed frontline indices. Pharmaceuticals were the big losers, with the Nifty Pharma ending over 2 percent lower. At the close of market hours, the Sensex was up 46.70 points or 0.13% at 36241.00, while the Nifty was higher by 7.00 points or 0.06% at 10883.80. The market breadth was narrow as 1,328 shares advanced, against a decline of 1,263 shares, while 160 shares were unchanged. Yes Bank, HUL, and Indiabulls Housing gained the most, while Sun Pharma, M&M, and HPCL were the top losers.





Let’s take a look at the performance of major Indices-

Global markets moved forwards as Trump removes custom duties on several imports from China. NASDAQ was seen in the green along with FTSE, DAX, CAC. The only Index that was seen in the RED was SGX Nifty.

Source- MoneyControl, Purple Trades Research Department   





Key Points for Traders to watch out for while trading Nifty tomorrow-

  • 10,850 is a short term support for Nifty.
  • If Nifty breaks 10,850 then it has the potential to go down.
  • 10,900 is a short term resistance for Nifty.
  • If Nifty breaks 10,900 then it has the potential to go up.



Top sectors that moved the market today-                            Data source- Moneycontrol



Top Gainers for today-                                                                                        Data source- Moneycontrol



Top losers for today-                                                               Data source- Moneycontrol


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