🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Auto leads stocks to second consecutive weekly rise
VCCircle
·
7m ago
Medial
India's benchmark indexes rose for the second consecutive week, driven by strong auto sector performance due to upbeat sales data. Despite financials and IT stocks dragging the indexes down for the day, they rose about 1% over the week. Auto sector gains were led by companies like Eicher Motors, Maruti Suzuki, and Mahindra & Mahindra. Upstream oil company ONGC also saw notable gains. Analysts suggest upcoming Indian corporate earnings will be crucial for future market trends.
View Source
Related News
Sensex, Nifty bounce back from intra-day lows to end higher for sixth session
VCCircle
·
1y ago
Medial
Indian shares rebounded from early losses to close higher for the sixth consecutive session. The NSE Nifty 50 index reached a new record high for the second consecutive day, climbing 0.42% to 22,215.60. The S&P BSE Sensex also rose by 0.48% to 73,057.40. Financials were the driving force behind the gains, with HDFC Bank leading the way after analysts predicted a rebound in earnings growth. However, IT stocks fell for a second straight session and auto stocks dropped after a recent rise. Zee Entertainment saw an 8% increase following news of a potential merger with Sony's India unit.
View Source
Sensex, Nifty log weekly losses on US tariff risks
VCCircle
·
5m ago
Medial
India's Sensex and Nifty indices logged weekly losses amid U.S. tariff uncertainties, impacting auto and pharma stocks. The Nifty 50 dropped 0.51%, while the BSE Sensex fell 0.56% on Friday, with weekly declines of 0.58% and 0.83%, respectively. Both indices hit their lowest since June, pressured by U.S. trade policy concerns and foreign outflows. Auto and pharma sectors faced notable declines due to tariffs and competition worries. Midcap and smallcap stocks saw slight recoveries.
View Source
PV sales continue on upward trajectory in February
Money Control
·
1y ago
Medial
Passenger vehicle (PV) sales in India have continued to rise for the second consecutive month in 2024, with carmakers delivering approximately 373,177 units to dealers. This marks the highest auto wholesales for February in any year, driven by strong demand for SUVs, positive consumer sentiment, increased availability of waitlisted models, and new rollouts. Overall, PV sales have increased by 11.3% year-on-year, reaching a total of 3,859,000 units for the April 2023-February 2024 period. Maruti Suzuki India, Hyundai Motor India, M&M, Tata Motors, MG Motor India, and Toyota Kirloskar Motor reported positive sales growth.
View Source
Rupee ends at fresh record low, stays above 84/$ mark
VCCircle
·
9m ago
Medial
The Indian rupee hit a new record low against the US dollar, closing at 84.0650 amidst equity outflows. However, it managed to avoid a steep decline due to continued dollar sales from state-run banks, possibly on behalf of the Reserve Bank of India. The rupee's depreciation comes as foreign investors withdraw $8.4 billion from Indian stocks this month, surpassing the previous record monthly outflow. Despite the rupee not benefitting from the positive trend in Asian currencies, benchmark Indian equity indices ended the day higher, but with a third consecutive weekly decline.
View Source
PSU, energy stocks drive Sensex, Nifty to record high for second session
VCCircle
·
1y ago
Medial
Indian shares reached record highs for the second consecutive session, driven by state-run companies and energy stocks on expectations of continued capital expenditure. The NSE Nifty 50 closed 0.29% higher at 23,465.60, while the S&P BSE Sensex rose 0.24% to 76,992.77. State-run firms and lenders saw gains of 4.94% and 2.5% for the week, as key ministers were retained in the new government's cabinet, boosting policy continuity. Oil and gas stocks rose by 3.41%, while IT stocks declined by 1.62%. Domestically focussed small- and mid-cap indexes continued to outperform the benchmarks. Ultratech Cement saw a 7.5% gain on hopes of policy continuity benefitting infrastructure companies.
View Source
Sensex, Nifty have a muted end to 2024 but log ninth annual rise
VCCircle
·
7m ago
Medial
Indian benchmark indexes Sensex and Nifty ended the year muted despite recording a ninth consecutive annual rise of 8.5% in 2024. The Nifty 50 closed flat at 23,644.8 points, while the BSE Sensex dropped by 0.14% to 78,139.01. The decline was primarily due to a drop in IT stocks, influenced by higher U.S. Treasury yields, making emerging markets less attractive. The small-cap sector rose, while midcaps remained flat amid broader Asian market declines.
View Source
Auto leads recovery in stock market after last week's slide
VCCircle
·
7m ago
Medial
Indian shares rebounded in a shortened trading week, with auto stocks leading the way. The Nifty 50 gained 0.27%, while the BSE Sensex rose 0.29%. After a 5% drop the previous week, investors found valuations more attractive. However, trading volumes were below average, and analysts expect the market to trend sideways until the start of the quarterly earnings season in January. Autos saw the biggest gains, with Mahindra & Mahindra and Tata Motors leading the sector. Consumer stocks also performed well, driven by a rise in ITC.
View Source
Indian public markets retreat from record highs amid profit booking
VCCircle
·
1y ago
Medial
Indian shares closed lower on Friday as profit booking set in after reaching record highs. Despite the decline, the market still saw a third consecutive week of gains, driven by the rise in financials and the return of foreign investors. The small- and mid-cap stocks also rose for a third straight week. The market's near-term movement will be influenced by factors such as India's budget in July, monsoon patterns, and upcoming earnings reports. Private banks saw the most gains this week, while IT stocks were the bright spot, buoyed by positive revenue forecasts from Accenture.
View Source
Go Digit Shares Fall Nearly 6% Intraday
Inc42
·
8m ago
Medial
Go Digit General Insurance shares slumped 5.7% on the BSE, reaching INR 313 per share. This marks the fourth consecutive session of decline for the company's shares. However, Go Digit saw a significant increase in profit after tax, with a 221% rise to INR 89.47 Cr in the second quarter of FY25, compared to INR 27.69 Cr a year ago.
View Source
Startup news and updates: Daily roundup (March 3, 2025)
YourStory
·
5m ago
Medial
The article provides updates from the Indian startup ecosystem. Key highlights include Aviral Bhatnagar’s Rs 100 crore pre-seed fund and the rise in interest and funding for AI startups. SurveySparrow introduces SparrowGenie, an AI-driven tool to streamline RFP processes. Bajaj Auto leads E2W sales while Ola Electric faces layoffs. Funding news covers CredResolve's $1.1M and Arva Health's $1M rounds. Additionally, STAN collaborates with FanCraze for an engaging cricket fan experience, and Astroyogi launches a spiritual retail line, Yogii by Astroyogi.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
