Shashank Kanodia, Analyst, ICICI direct said: "Yes certainly, auto numbers in July 2020 signal recovery from COVID-19 induced shock. The recovery however is being led by the rural and semi-urban focussed segments namely tractors and motorcycles. At the retail level for the industry, volumes are back at near 65 percent of pre-COVID levels. Domestic three-wheelers as well as M&HCV segment however are yet to see meaningful recovery." … [Read more...] about July auto sales signal recovery: Should you buy stocks from the sector?
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Aug 4 (Reuters) - Wall Street was set to pull back on Tuesday as President Donald Trump’s moves to force China-owned TikTok into a sale of its U.S. operations drew a sharp rebuke from Beijing, ratcheting up tensions as the world slides into a pandemic-fuelled recession. … [Read more...] about US STOCKS-Wall St set to dip as U.S.-China tensions heat up over TikTok
A stimulus-led rebound and a rally in tech-related stocks including Apple Inc, Netflix Inc and Amazon has brought the S&P 500 to within 3% of its all-time high, and all eyes now are on a fifth major coronavirus-aid bill with Congress set to resume talks on Tuesday. … [Read more...] about US STOCKS-Escalating Sino-U.S. tensions strain S&P 500, Dow
Aug 4 (Reuters) - The S&P 500 and Dow edged higher on Tuesday as investors held out for more U.S. government stimulus, but an escalation in Sino-U.S. tensions over TikTok and disappointing quarterly earnings from Ralph Lauren and AIG capped gains. … [Read more...] about US STOCKS-S&P 500, Dow grind higher with stimulus in focus
Aug 4 (Reuters) - The S&P 500 and Dow crept higher on Tuesday as investors held out for more U.S. government stimulus, but strained Sino-U.S. relations over TikTok and disappointing quarterly earnings from Ralph Lauren and AIG curbed gains. … [Read more...] about US STOCKS-S&P 500, Dow drift higher as investors eye stimulus
We recommend buying Amara Raja above Rs 586 with a stop loss of Rs 540 and a target of Rs 635. On the weekly chart, the stock had been consolidating within the range and with the automobile companies started operation it might help the stock to give good breakout. … [Read more...] about Crucial support at 9,000; 3 breakout buys that can give 11-15% returns