Indian stock SenseX fell 180pt in the morning, and NIFTY started at 24,300

乱空OP : Stock Market Live Updates: With the exception of capital goods and FMCG, all other sector indices are trading in the red. The BSE midcap index and the small cap index rose slightly.

乱空OP : Motilal Oswal re-designates Tata Motors rating as “neutral” with target share price of 960 rupees
Brokers expect JLR margins to remain stable in fiscal 24-26:1) rising cost pressure due to investment in demand generation, 2) normalization of the mix, and 3) there is a high possibility that margins will worsen due to the launch of EVs.

Even in the Indian business, demand is slowing down in both the CV and PV businesses.

The broker has factored in the Indian business margins that will remain flat during the forecast period.

There is no doubt that TTMT achieved extremely strong performance in major segments in fiscal year 24, but there is a possibility that the above headwinds will worsen future performance.

乱空OP : Electricity Authority of India to consider raising borrowing limits
The Indian Electric Power Corporation will hold a board meeting on 7/10 to consider raising the borrowing limit for fiscal year 25 and raising funds for fiscal year 26.

乱空OP : Federal Bank signs strategic bancassurance partnership with Bajaj Allianz Life Insurance

Federal Bank has signed a strategic bancassurance partnership with Bajaj Allianz Life Insurance. As a result of this partnership, Federal Bank will partner with a total of 10 insurance companies. With this strategic alliance, Federal Bank customers will be able to use the Bajaj Allianz Life Insurance Company product group.

乱空OP : Nifty and Sensex were dragged by bank stocks and prices fell, and VIX rose 7%
The 3 indices of metals, real estate and banking were hit the hardest, falling as much as 0.6%

乱空OP : At 18 o'clock
SENSEX is -0.06%Nifty 50 is -0.07%
It looks like the initial decline has picked up slightly