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<ul><li>Indian benchmark indices opened the week on a negative note tracking weakness in Asian markets due to unrest in <keyword id="1334" type="General" weightage="80" keywordseo="china" source="Orion">China</keyword> over zero-Covid policies.</li><li>The 30-stock index <keyword id="6484188" type="General" weightage="80" keywordseo="sensex" source="Orion">Sensex</keyword> opened 277 points lower at 62,016 while the <keyword id="2931774" type="General" weightage="20" keywordseo="Nifty50" source="Orion">Nifty50</keyword> opened 82 points lower at 18,431.</li><li>Nine of the top 10 valued firms together added ₹79,798 crore in market valuation last week.</li><li><keyword id="6357120" type="General" weightage="100" keywordseo="paytm" source="Orion">Paytm</keyword>, <keyword id="76451" type="General" weightage="80" keywordseo="adani" source="Orion">Adani</keyword> Transmission, <keyword id="6357252" type="General" weightage="80" keywordseo="hero-motocorp" source="Orion">Hero MotoCorp</keyword> and others will be among the <keyword id="73648" type="General" weightage="20" keywordseo="stocks-to-watch" source="Orion">stocks to watch</keyword> out for on Monday.</li></ul>Indian benchmark indices opened the week on a negative note tracking weakness in Asian markets due to unrest in China over zero-Covid policies. <keyword id="90570" type="General" weightage="20" keywordseo="sgx-nifty" source="Orion">SGX Nifty</keyword>, an early indicator of how the Indian market may perform, showed weakness with a decline of 0.38% on Monday morning. The 30-stock index Sensex opened 277 points lower at 62,016 while the Nifty50 opened 82 points lower at 18,431. On Friday, Sensex closed 21 points higher at 62,293 while the Nifty50 ended the day 29 points up at 18,513. Nine of the top 10 valued firms together added ₹79,798 crore in market valuation last week, with IT majors TCS, Infosys emerging as the biggest winners, according to a report by Motilal Oswal. “Indian markets could open flat to mildly higher, despite mostly lower Asian markets today and in line with flat US markets on Friday,” said Deepak Jasani, head of retail research at HDFC Securities. “<keyword id="6354813" type="General" weightage="20" keywordseo="Nifty" source="Orion">Nifty</keyword> gained 1.12% over the week rising in 5 out of the past 6 weeks. Global markets remained uppish for the week on the US Fed hinting at slowing the speed of rate hikes. Nifty could continue its upmove and challenge and breach the all time high of 18604 soon while 18261-18403 band could provide support in the near term,” added Jasani. Rupee opened 10 paise lower at 81.78 per US Dollar on Monday as against 81.68 on Friday. <cmsannotation type="cmsannotation" annotationid="Asian markets decline on protests in China over zero-Covid policies" comment="subhead" text="Asian markets decline on protests in China over zero-Covid policies">Asian markets decline on protests in China over zero-Covid policies</cmsannotation> Asian markets came under pressure due to protests erupting in several Chinese cities over zero-Covid policies. Most major Asian indices opened the week in the red – Hong Kong’s Hang Seng index was down 1.92%, while the Shanghai Composite declined 0.92%. Taiwan Weighted fell 1.21%, while South Korea’s KOSPI fell 0.92%. Crude oil prices fell to a nearly 11-month low due to demand concerns from China in the wake of new COVID-19 related restrictions with rising cases. Brent crude oil prices were hovering around $81.65 per barrel on Monday, down from $85.2 on Friday. <cmsannotation type="cmsannotation" annotationid="FPIs continue flocking to the Indian markets" comment="subhead" text="FPIs continue flocking to the Indian markets">FPIs continue flocking to the Indian markets</cmsannotation> Foreign portfolio investors continued to invest in Indian equities with a net investment of ₹31,630 crore in November so far, according to data from National Securities Depositories (NSDL). In the first fortnight of November, <a href="https://www.businessinsider.in/stock-market/news/fpis-pour-11452-crore-in-financial-services-in-the-first-half-of-november/articleshow/95681904.cms">FPIs were net buyers in equities</a> with investments of ₹11,452 crore – in the 10 days since then, FPIs have added over ₹20,100 crore to their portfolios, showing a rapid increase in investments. The benchmark Nifty50 index has gained 2.78% between November 1 and November 25. For context, FPIs were net sellers in October with a withdrawal of ₹8 crore, and in September too with a selling of ₹7,624 crore. <cmsannotation type="cmsannotation" annotationid="Stocks to watch out for on Monday" comment="subhead" text="Stocks to watch out for on Monday">Stocks to watch out for on Monday</cmsannotation> Paytm: The Reserve Bank of India has asked the company to stop onboarding any new online merchants for its payment services and reapply for a payment aggregator license. Adani Transmission: The Adani group company has sought license to expand its power distribution business into more areas of Mumbai. Hero MotoCorp: Announced an increase of up to ₹1,500 in ex-showroom prices of its motorcycles and scooters with effect from December 1, 2022. The exact price increase will vary across models and markets. Dharmaj Crop Guard IPO: The Ahmedabad-based company’s IPO will be <a href="https://www.businessinsider.in/stock-market/news/dharmaj-crop-guard-ipo-set-to-open-on-november-28-gmp-at-30-per-share/articleshow/95756197.cms">open for subscription</a> from November 28 till November 30. The price band has been fixed at ₹216-237, while the issue size is ₹251 crore. <cmsannotation type="cmsannotation" annotationid="Stocks in F&amp;O ban" comment="subhead" text="Stocks in F&amp;O ban">Stocks in F&amp;O ban</cmsannotation> There are no securities in F&amp;O ban for the day. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top gainers </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top losers </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.99375pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BPCL </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.99375pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.25% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.99375pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindalco </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.99375pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2.19% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI Life </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apollo Hospital </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2.11% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero MotoCorp </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.84% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.65% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Industries </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.77% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JSW Steel </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.58% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Auto </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.09% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Bank </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.37% </td></tr></tbody></table> Source: NSE, as of 10 a.m., November 28, 2022 SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/dharmaj-crop-guard-ipo-set-to-open-on-november-28-gmp-at-30-per-share/articleshow/95756197.cms">Dharmaj Crop Guard IPO set to open on November 28; GMP at ₹30 per share</a> <a href="https://www.businessinsider.in/stock-market/news/uniparts-indias-836-crore-ipo-to-open-on-november-30/articleshow/95764556.cms">Uniparts India’s ₹836 crore IPO to open on November 30</a> <a href="https://www.businessinsider.in/stock-market/news/a-year-after-market-debut-paytm-is-the-worst-performer-among-recent-large-ipos-cartrade-policybazaar-and-lic-join-the-party/articleshow/95762071.cms">A year after market debut, Paytm is the worst performer among recent large IPOs – Cartrade, Policybazaar and LIC join the party</a>

Indian markets open lower amid unrest in China over zero-Covid: Paytm, Adani Transmission, Hero MotoCorp in focus

After Maruti Suzuki, Hero MotoCorp’s production was also hit due to Jat agitation. 
 
Hero MotoCorp’s four plants in Haryana, Rajasthan and Uttarakhand have been impacted due to the ongoing Jats reservation demand. 
 
"Dispatches from all our plants - at Gurgaon and Dharuhera (Haryana), Neemrana (Rajasthan) and Haridwar (Uttarakhand) - have been affected due to the ongoing blockade of the national highways and other roads," said a Hero MotoCorp spokesperson. 
 
Production output has also been partially impacted today at the plants due to the ongoing impasse, the spokesperson added. 
 
As of last quarter, the company had an installed capacity to produce 81 lakh units per annum from the four production facilities. 
 
Sources from rival Honda Motorcycle &amp; Scooter India (HMSI) said there was no impact on production at the company's Manesar facility. 
 
The plant has a capacity to roll out 16 lakh units annually. 
 
(Image: Indiatimes)

Hero MotoCorp’s Haryana plants face the brunt of Jat reservation stir

Here is what to expect from Maruti, M&M, Hero, Bajaj Auto and other automakers in February auto sales

The BSE gauge <keyword id="6484188" type="General" weightage="100" keywordseo="sensex" source="Orion">Sensex</keyword> staged a bold recovery of over 300 points to revisit the 57,600-level in opening deals on Wednesday, prompted by steady Asian bourses, despite lingering geopolitical worries in eastern Europe. Analysts believe that global markets regrouped, hoping that Western sanctions on Russia after Russian troop movements near <keyword id="6355101" type="General" weightage="80" keywordseo="ukraine" source="Orion">Ukraine</keyword> might soften Moscow's defiant tone and leave some room to avoid a war. The Sensex was trading 342.41 points or 0.60 per cent higher at 57,643.09; and the Nifty was up 105 points or 0.61 per cent at 17,197.20. Barring <keyword id="6354919" type="General" weightage="20" keywordseo="LT" source="Orion">L&amp;T</keyword>, <keyword id="75190" type="General" weightage="20" keywordseo="Nestle" source="Orion">Nestle</keyword> and <keyword id="44863" type="General" weightage="20" keywordseo="HUL" source="Orion">HUL</keyword>, all Sensex shares climbed. Elsewhere in Asia, bourses were mostly trading with gains, hoping that war in Ukraine can be avoided after US, Japan and European powers imposed sanctions on Russia. Stocks closed lower on Wall Street on Tuesday, after Russia sent forces into Ukraine's eastern regions, escalating tensions. Russian President Vladimir Putin recognised the independence of rebel-held regions of Ukraine, raising fears of an imminent full-scale invasion. US Secretary of State Tony Blinken on Tuesday cancelled his scheduled meeting with his Russian counterpart Sergei Lavrov later this week in protest against what he said was the beginning of Russia's invasion of Ukraine. Brent crude futures were at USD 96.74 a barrel, having eased off Tuesday's top of USD 99.50. Foreign institutional investors continued their selling spree in Indian markets as they offloaded shares worth Rs 3,245.52 crore on a net basis on Tuesday, as per exchange data. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/hero-motocorp-nykaa-hdfc-and-other-hot-stocks-on-february-23/slidelist/89761963.cms">Hero MotoCorp, Nykaa, HDFC and other hot stocks on February 23</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/apple-car-to-reportedly-feature-autopilot-tech-co-developed-with-a-south-korean-company/articleshow/89763976.cms">Apple Car to reportedly feature autopilot tech co-developed with a South Korean company</a>

Sensex recovers over 300 points, Nifty trading at 17,197 — L&T, Nestle and HUL top gainers

<ul><li>India’s benchmark indices <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> and <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> overcame<a href="https://www.businessinsider.in/stock-market/news/indian-markets-open-lower-amid-unrest-in-china-over-zero-covid-paytm-adani-transmission-hero-motocorp-in-focus/articleshow/95815834.cms"> early-morning jitters</a> to scale <a href="https://www.businessinsider.in/stock-market/news/nifty50-hit-new-all-time-highs-bharat-petroleum-reliance-industries-surge-metal-stock-drag/articleshow/95822928.cms">new peaks</a> – at 62,701 and 18,614 respectively. </li><li>Both the indices also registered new record closings on Monday. </li><li>Bharat Petroleum and <keyword id="6355199" type="General" weightage="100" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword> emerged as the top gainers on the Nifty50, adding ₹62,700 crore in market capitalisation. </li><li>A cool down in crude oil prices, healthy flows in SIPs and resilient performance by India Inc in Q2 are some of the factors driving the indices, analysts said. </li><li>Analysts recommend investors remain disciplined and balanced in their approach to equity investments, instead of making any extreme movements. </li></ul>India’s benchmark indices Sensex and Nifty50 came off new life-time peaks to close higher on Monday, buoyed by the oil and gas sector while shrugging off negative cues from Asian markets. State-run Bharat Petroleum (<keyword id="44555" type="General" weightage="80" keywordseo="bpcl" source="Orion">BPCL</keyword>) and Reliance Industries emerged as the top gainers, while metal stocks dragged. The Sensex and the Nifty50 overcame<a href="https://www.businessinsider.in/stock-market/news/indian-markets-open-lower-amid-unrest-in-china-over-zero-covid-paytm-adani-transmission-hero-motocorp-in-focus/articleshow/95815834.cms"> early-morning jitters</a> to scale <a href="https://www.businessinsider.in/stock-market/news/nifty50-hit-new-all-time-highs-bharat-petroleum-reliance-industries-surge-metal-stock-drag/articleshow/95822928.cms">new peaks</a> – at 62,701 and 18,614 respectively, making it the fifth consecutive day of gains. The indices outperformed Asian markets and closed up 0.27-0.34% higher – marking a record high closing for the Sensex and the Nifty50 at 62,505 and 18,563 points, respectively. Amongst the key triggers driving the indices are a cool down in crude oil prices, healthy flows in systematic investment plans (SIP), and resilient performance by India Inc in Q2, analysts said. Brent crude oil prices were hovering around $81 per barrel, falling 3.2% today on worries about demand from China as the country sees a rise in Covid-19 cases. “Nifty clocked fresh all-time highs on November 28 going against the global cues. Progressive and prudent macro policies, resilient corporate earnings in Q2FY23, robust tax collections, early signs of recovery in IIP and GDP and first signs of cooling inflation have all excited investors including FPIs (foreging portfolio investors) to keep pumping money into the markets,” said Deepak Jasani, head of retail research, HDFC Securities. Amongst the major sectoral gainers were fast moving consumer goods (FMCG), auto and PSU banks. While the IT sector was amongst the top gainers earlier in the day, it closed marginally in the red. Metal stocks lost shine today, with the index declining 1.14%. The Rupee closed flat at 81.66, against 81.68 on Friday. Bharat Petroleum, Reliance Industries, Hero MotoCorp, Tata Consumer, and SBI Life were the top gainers on the Nifty50 index today – gaining between 1.84% to 5.04%. Bharat Petroleum and Reliance Industries together added ₹62,700 crore in market capitalisation. Here are the top gainers and losers on the Nifty500 index on Monday: <div type="image" title="daily-profit-loss-5" msid="95830090" hostid="261" sizebytes="51130"></div> <cmsannotation type="cmsannotation" annotationid="Analysts recommend discipline and balance" comment="subhead" text="Analysts recommend discipline and balance">Analysts recommend discipline and balance</cmsannotation> Analysts recommend investors remain disciplined and balanced in their approach to equity investments, and refrain from making any extreme movements. “Indian markets are defying global weakness and touching all-time highs. This is on the back of renewed interest from foreign institutional investors as the Indian decoupling story continues to play out. However, one must also realise that as we continue to see better growth rates than the world, our valuations too are priced at those premiums,” said Srikanth Subramanian, CEO, Kotak Cherry. On the BSE, advances outnumbered declines – 1,185 stocks ended higher while 815 closed in the red. <cmsannotation type="cmsannotation" annotationid="Asian markets see red" comment="subhead" text="Asian markets see red">Asian markets see red</cmsannotation> Most of the major Asian markets declined on Monday, with Hong Kong’s Hang Seng index posting the biggest decline at 1.57% and Taiwan’s TWSE Capitalization Index posting a 1.5% fall. The Shanghai Composite Index closed 0.75% in the red, while South Korea’s KOSPI fell 1.21%. “Global stock markets traded lower after a series of protests in China over the weekend, against strict mobility restrictions to combat the country’s ongoing Covid outbreak, hit sentiment and threatened to weigh on economic activity,” Jasani said. <cmsannotation type="cmsannotation" annotationid="Buoyant festive demand, cooling crude oil prices amongst tailwinds for Indian economy" comment="subhead" text="Buoyant festive demand, cooling crude oil prices amongst tailwinds for Indian economy">Buoyant festive demand, cooling crude oil prices amongst tailwinds for Indian economy</cmsannotation> According to Ajay Menon, MD and CEO, broking and distribution, Motilal Oswal, the buoyancy in festive demand, which has boosted the auto sector among others, is expected to continue thanks to the marriage season. This year’s festive season was also the first uninterrupted one since 2020, giving buyers enough reason to splurge. For instance, the auto sector has seen <a href="https://www.businessinsider.in/business/auto/news/indian-car-makers-drive-the-festive-boom-two-wheelers-showing-signs-of-revival/articleshow/95257140.cms">registrations</a> of passenger vehicles, commercial vehicles and tractors for October rise 35-66% from the 2019 levels. On the jobs front, too, around 4,000 openings were posted every day during the festive season, which saw the<a href="https://www.businessinsider.in/careers/news/over-2-lakh-jobs-created-each-day-this-festive-season-says-report/articleshow/95204035.cms"> creation of 2 lakh jobs</a>. Foreign institutional investors (FII) were net buyers on Monday, ploughing in ₹936 crore, while domestic institutional investors (DII) bought equities worth ₹88 crore. <div type="image" title="sectoral-indices-5" msid="95830105" hostid="261" sizebytes="49266"></div> SEE ALSO: <a href="https://www.businessinsider.in/personal-finance/news/digital-lending-platforms-see-3x-year-on-year-rise-in-disbursals-to-14016-crore-in-q2-fy23/articleshow/95821140.cms">Digital lending platforms see 3x year-on-year rise in disbursals to ₹14,016 crore in Q2 FY23</a> <a href="https://www.businessinsider.in/stock-market/news/a-year-after-market-debut-paytm-is-the-worst-performer-among-recent-large-ipos-cartrade-policybazaar-and-lic-join-the-party/articleshow/95762071.cms">A year after market debut, Paytm is the worst performer among recent large IPOs – Cartrade, Policybazaar and LIC join the party</a> <a href="https://www.businessinsider.in/stock-market/news/india-vix-cools-down-to-pre-covid-levels-heres-why-and-where-it-is-headed/articleshow/95743166.cms">India VIX cools down to pre-Covid levels – here’s why and where it is headed</a>

Indian markets scale life-time peaks powered by BPCL and Reliance Industries

New Delhi, Jan 8 () Production at Honda Motorcycle and Scooter India's (HMSI) Manesar plant in Haryana and factories of various auto component manufacturers in Manesar-Bawal industrial belt was hit on Wednesday by the day-long strike called by 10 major trade unions against the Centre's "anti-people" policies.
 The strike, however, had no impact on production of auto majors Maruti Suzuki India, Hero MotoCorp and Honda Cars India at their plants in various parts of the country. 
 "Workers in all three shifts at the Manesar plant are not working today in support of the trade union strike," HMSI Employee Union President Suresh Gaur told .
 He said HMSI Manesar plant workers alongwith counterparts from factories of auto component makers Shivam Autotech, Emkay Automobile Industries, Munjal Showa, Napino Auto &amp; Electronics and Talbros, among others have joined in for a day-long protest.
 "Workers at factories in the Manesar-Bawal industrial are supporting the strike and productions have been affected," Gaur claimed.
 When contacted, HMSI officials declined to comment. 
 Workers and officials at Maruti Suzuki, Hero MotoCorp, Honda Cars India confirmed that production was on normally at their respective plants and the strike has had no impact.
 10 central trade unions have claimed around 25 crore people will participate in the nationwide strike called to protest against the union government's labour reforms, FDI, disinvestment, corporatisation and privatisation policies. 
 They are pressing for a 12-point charter of demands of the working class relating to minimum wage and social security, among others.
 The demands also include a minimum pension of Rs 6,000 for everyone, minimum support price (MSP) for farmers, adequate supply of ration to people, AITUC General Secretary Amarjeet Kaur said, adding that the demands concern common man's issues besides worker-centric areas. RKL RVK
RVK

General strike: HMSI Manesar plant, units of component makers at Manesar-Bawal belt hit

<ul><li>Chirag Falor, from IIT Bombay Zone, topped <keyword id="8105592" type="UNKNOWN" weightage="20" keywordseo="JEE-Advanced-2020">JEE Advanced 2020</keyword>, scoring 352 out of 396. </li><li>Kanishka Mittal from IIT Roorkee zone scored highest among girls with an All India Rank (AIR) 17. </li><li><a href="https://www.businessinsider.in/">Check the latest news and updates on Business Insider. </a> </li></ul>Indian Institute of Delhi has announced JEE Advanced results today. Chirag Falor, from IIT Bombay Zone, <a href="https://www.hindustantimes.com/education/jee-advanced-result-2020-live-updates-jee-marksheet-rank-cards-to-be-declared-today-at-jeeadv-ac-in-direct-link/story-457v2zyYRa8sNkAW2CE7YL.html">topped </a>JEE Advanced 2020 scoring 352 out of 396. Falor has already started his undergrad program at Massachusetts Institute of Technology. In 2019, Falor <a href="https://indianexpress.com/article/education/iit-entrance-is-toughest-says-young-astrophysicist-who-got-admission-to-mit-topped-jee-6596050/">represented </a>India in the International Olympiad Award on Astronomy and Astrophysics held at Keszthely, Hungary. Kanishka Mittal from IIT Roorkee zone scored highest among girls with an All India Rank (AIR) 17. Here are the <a href="https://www.hindustantimes.com/education/jee-advanced-result-2020-live-updates-jee-marksheet-rank-cards-to-be-declared-today-at-jeeadv-ac-in-direct-link/story-457v2zyYRa8sNkAW2CE7YL.html">toppers </a>for JEE Advanced 2020 <ol><li>Chirag Falor </li><li>Gangula Bhuvan Reddy</li><li>Vaibhav Raj</li><li>R Muhender Raj</li><li>Keshav Agarwal </li><li>Hardik Rajpal</li><li>Vedang Dhirendra Asgaonkar </li><li>Swayam Shashank Chube </li><li>Harshvarshan Agarwal </li><li>Dhvanit Beniwal </li></ol>JEE is an entrance exam held in India to get admission to various undergraduate engineering courses offered by the Indian Institute of Technology (IIT), National Institutes of Technology (NITs). This year, over a lakh students appeared for the examination. A total of 43,204 candidates have qualified the examination — of which 6,707 are girls. All the JEE (Advanced) 2020 candidates who pass the examination must register with Joint Seat Allocation Authority (JoSAA) 2020 to fill their choice of courses in IITs or NITs. Despite massive protests, JEE Advanced was held on September 27 across thousand exam centres in 222 cities. <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/top-stock-movers-ril-tcs-vedanta-tata-steel-iti-hero-motocorp-and-more/articleshow/78486518.cms">Top stock movers — RIL, TCS, Vedanta, Tata Steel, ITI, Hero Motocorp and more</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/google-defers-30-play-store-app-fee-for-developers-in-india-till-march-2022/articleshow/78486826.cms">Google defers 30% Play Store app fee for developers in India till March 2022</a>

Chirag Falor tops JEE Advanced 2020 — check the list of top ten rank holders this year

<ul><li><keyword id="2665691" type="PERSON" weightage="20" keywordseo="Niti-Aayog">Niti Aayog</keyword> held meeting with chiefs Bajaj Auto and <keyword id="46156" type="CITY" weightage="20" keywordseo="TVS-Motor">TVS Motor</keyword> on Friday. </li></ul><ul><li>The government think tank wants two-wheeler and three-wheeler vehicles in India to go electric by 2023 and 2025 but the industry is protesting. </li></ul><ul><li>The meet was attended by Bajaj Auto MD, Rajiv Bajaj and TVS Motor Chairman, Venu Srinivasan, among others. Hero MotoCorp Chairman Pawan Munjal skipped the meeting. </li></ul>The Narendra Modi government in India is keen on electrifying as many vehicles on Indian roads as possible. However, the latest proposal to set a deadline of 2023 for two-wheeler makers and 2025 for three-wheeler makers has the companies up in arms. In a meeting with representatives of two and three wheeler manufacturing industries, the central think tank of India, the NITI Aayog on June 21, has asked the industry majors to draw up and present a plan to switch to <keyword id="6354973" type="UNKNOWN" weightage="20" keywordseo="electric-vehicles">electric vehicles</keyword> (EV’s) in the coming years, in two weeks. However manufacturers have shown disappointment with the plan sitting that they have already been forced to deal with an accelerated timeline for the new emission norms that are due to sweep in in 2020. While Rajiv Bajaj, the Managing Director of Bajaj Auto, reportedly called it ‘shock and awe’, Venu Srinivasan, Chairman, TVS Motor, told the <a href="https://economictimes.indiatimes.com/industry/auto/two-wheelers-three-wheelers/india-inc-wants-nitis-ev-juggernaut-to-move-out-of-the-fast-lane/articleshow/69920504.cms">Economic Times</a> that the government seemed to “negate in one stroke” the strides made by India in building the world’s largest <keyword id="411149" type="PERSON" weightage="20" keywordseo="two-wheeler-market">two wheeler market</keyword>. While Bajaj and TVS argued for more reasonable timelines, Pawan Munjal who heads India’s largest two-wheeler company, Hero Moto Corp, did not even attend the meeting on Friday. Further, the companies argued for fiscal incentives to promote manufacturing and sales of electric two-wheelers and three-wheelers. “I’m in awe of the apparent willingness to subsidise EVs — an approximate ₹1 lakh per vehicle — to help achieve reasonable price parity with ICE two- and three- wheelers for an estimated minimum industry size of 25 million by 2025,” Bajaj said. However, the Niti Aayog reportedly has the support from two-wheeler EV startups, represented by Tarun Mehta, founder of Alther Energy, and Sulajja Motwani of the Firodia group. However, the current manufacturing capacity of the startups is too low to meet the government’s target.

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