Sensex Trades Marginally Lower; Metal & Banking Stocks Drag

Share markets in India are presently trading on a negative note. Sectoral indices are trading mixed with stocks in the auto sector and realty sector witnessing maximum buying interest while oil & gas stocks and banking stocks are witnessing selling pressure.

The BSE Sensex is trading down by 84 points (down 0.2%), while the NSE Nifty is trading down by 34 points (down 0.3%). The BSE Mid Cap index is trading up by 0.3% and the BSE Small Cap index is trading up by 0.2%.

The rupee is trading at Rs 70.52 against the US$.

In the news from the automobiles sectorAshok Leyland share price is witnessing buying interest today as the company bagged an order to provide buses from state transports.

The company bagged orders from IRT (Institute of Road Transport, Chennai), UPSRTC (Uttar Pradesh State Roadways Transport Corporation) and CTU (Chandigarh Transport Undertaking) for 2580 buses.

In another news, Maruti Suzuki share price is also in focus today as the company on Wednesday said it will hike its car prices by up to Rs 10,000 for select models with immediate effect to offset adverse impact of increase in commodity prices and foreign exchange rates.

Just last week, it was reported that the country's largest car maker sold 1.28 lakh units in December 2018 against 1.3 lakh units sold in same month last year.

Domestic sales grew by 1.8% YoY to 1.21 lakh units, but exports fell sharply by 36.4% to 6,859 units compared to year-ago period.

To know more about the company, you can read Maruti Suzuki Q2FY19 Result Analysis and Maruti Suzuki Annual Report on our website.

Moving on to the news from the airlines sectorJet Airways share price is in focus today on reports that the cash-strapped company has proposed late debt repayments to creditors.

As per an article in a leading financial daily, Jet Airways proposed to creditors that it would catch up with debt payments in arrears by September and from April would meet debt payments as they come due.

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Disclosure: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. ...

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