Market Bizzz

​”The auto space, even two-wheelers, are showing better numbers of late. So, auto, auto ancillaries could possibly be the ones where one could train her focus for the next six months largely because of the fact that they are beaten down available at a comparatively lower price to its previous highs. Opportunity- wise, I think the situation is getting better as far as auto is concerned.”

It said that following the recent judgment of the Supreme Court, the special leave petition, the original contempt petition and the suo-moto contempt petition are disposed of.

Phase I development is targeted within two years, by 2025, leading to commercial operations. Total cost of the project under public-private partnership (PPP) mode is estimated at ₹1,424 crore, the ministry said. The 184.27-acre park, awarded by a bidding process, is estimated to cater to 7.17 million metric tonnes of cargo over the 45-year concession period.

CPPIB, an existing investor, has made a fresh $400 million investment to buy more shares from Goldman Sachs at $6.50 each. This takes CPPIB’s stake to 31.5% in the company’s voting rights associated with outstanding shares.

The dollar tumbled overnight after the release, and recorded its worst day against the Japanese yen since 2016, having fallen 3.7%. It has since clawed back some of those losses and last rose 0.53% to 141.69 yen.

LIC, M&M, Hindalco, Adani Power, ABB, Info Edge, Zydus Lifesciences, Astral, Alkem Industries, Vedant Fashions, Thermax, Delhivery, BHEL and ZEEL are among the companies that will announce their results for September 2022 quarter today.

The world’s most valuable company added $190.9 billion in market value, the most ever by a US-listed company, as softer-than-expected inflation data buoyed equity markets across the board. The jump eclipsed Amazon.com Inc.’s $190.8 billion gain in February, according to data compiled by Bloomberg.

The futures market currently shows investors believe the target U.S. federal funds rate will peak around 5.1% by next June, and the chances of a rise of 50 or 75 basis points are tilted in favour of a half-point increase nex month.