Rising for the third straight session, the 30-share BSE Sensex climbed 181.87 points, or 0.24 per cent, to settle at a new closing peak of 76,992.77
Rising for the third straight session, the 30-share BSE Sensex climbed 181.87 points, or 0.24 per cent, to settle at a new closing peak of 76,992.77
There could be some margin relief on account of falling input costs
There could, however, be some margin relief on account of falling input costs
Tyre stocks surged in an otherwise subdued market on expectation of margins improvement amid falling raw material price
Most tyre stocks including JK Tyre, Apollo Tyres, CEAT, MRF and TVS Srichakra look strong on technical charts, looking to rally up to 16 per cent
The raw material (RM) and other input costs have started softening after a long spell of unprecedented increase, which is likely to improve margins in the medium term for tyre companies
The company reported a double digit growth in revenue, and ebitda in the September quarter despite challenging environment
Stocks to Watch Today: Fusion MicroFinance set for its market debut today. Meanwhile, in the F&O segment, BHEL, GNFC, PNB and Sun TV Network are ban period on Tuesday.