After opening the day in green share markets in India witnessed choppy trading activity and ended the day well below the dotted line. Sectoral indices too ended the day in red, with stocks in the realty sector and stocks in the metal sector leading the losses.
At the closing bell, the BSE Sensex stood lower by 253 points (down 0.8%) and the NSE Nifty closed down by 100 points (down 1%). The BSE Mid Cap index ended the day down 1.6%, while the BSE Small Cap index ended the day down by 2%.
Asian stock markets finished mixed. As of the most recent closing prices, the Hang Seng was flat and the Shanghai Composite was up by 0.3%. The Nikkei 225 was down by 0.9%. Meanwhile, European markets, were trading on a negative note. The FTSE 100 was down by 1.3%, The DAX, was down by 0.9% while the CAC 40 was up by 0.7%.
The rupee was trading at Rs 65.06 against the US$ in the afternoon session. Oil prices were trading at US$ 65.91 at the time of writing.
In news from stocks in the automobiles sector. Tata Motors share price is in focus today as the company delivered electric hybrid buses.
Tata Motors handed over 25 hybrid electric buses to Mumbai’s planning authority Mumbai Metropolitan Region Development Authority (MMRDA).
The bus is powered by a new-generation Bharat Stage IV i.e. BS-IV diesel engine, while the electric motor is powered by ‘Prismatic Cell’, which is said to be the most advanced Lithium Ion batteries in the automotive industry.The buses, under the Starbus brand are developed indigenously by the company and run on dual power, combining diesel and electric motor.
Apart from these, Tata Motors is also fulfilling an order for electric vehicles (EVs) to Energy Efficiency Services Ltd. (EESL) as part of a plan to equip the government with EVs to curb emissions.
Currently, electric vehicle sales are low in India, rising 37.5% to 22,000 units in the year ended 31 March 2016 from 16,000 in 2014-15. Only 2,000 of these were cars and other four-wheelers, according to automobile lobby group, Society of Indian Automobile Manufacturers (Siam).
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