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MARKET SNAPSHOT

  • INDIAN
  • GLOBAL
  • CURRENCY
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MARKET SNAPSHOT

  • INDIAN
  • GLOBAL
  • BSE SENSEX
    1. 1443442
    2. -965.56
    3. 1443 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • Last Update:09 Nov,2017
  • Show All
  • CURRENCY
  • COMMODITIES
  • YEN TO IND
    1. 1443442
    2. -965.56
    3. 1443 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • Last Update:09 Nov,2017
  • Show All
  • TOP GAINERS
  • TOP LOSERS
  • 52 WEEK HIGH
  • 52 WEEK LOW
Auto industry
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Auto & Auto Ancillary

  • SIAM (Society of Indian Automobile Manufacturers) proposed an increase in the customs duty of Completely Built Units (CBU) of commercial vehicles from 25% to 40% to promote domestic production. Customs duty on 2-wheelers and cars range between 50-100%. (News Sources)
  • In addition to this, SIAM has also proposed that the 200% weighted deduction for research and development expense be brought back as the direct taxes have not been reduced as originally indicated by the government. (News sources)
  • Relaxation of GST for lithium batteries from the current 18% is expected to be a breather for electric vehicle manufacturers as majority of the domestic requirement is imported. Furthermore, budget allocation for electric vehicle promotion having a timeline for implementation is quite sought for.
  • Proper implementation of MSPs for crops is likely to translate into higher tractor sales supported by higher farm income.
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