"After three weeks of good consolidation, Nifty index has given a major range breakdown. With good volumes, Nifty has broken down from the 18200- 17800 levels, indicating that bears are in control. Around 17550, Nifty took a minor support at its 200 EMA. To resume its upward rally, Nifty needs to close above 17750 - 17800; until then, this could be a sell on every rise opportunity in the Index,” Ameya Ranadive, Equity Research Analyst, Choice Broking.

"Banking sector gets very vulnerable if any news comes of even a possibility of some default which may or may not happen. This is one sector which is coming out of the NPA cycle and we do not want another wave to come and hit them. It is a highly vulnerable sector that has moved a lot in the last few quarters and had driven the markets to these levels. And now that sector is taking a knock."

Not only automobile makers, the equipment makers too, saw robust growth in the third quarter. Sona BLW reported a strong 39% YoY growth in revenue to Rs 685 crore, with battery electric vehicles accounting for 26% of the revenue.

A total of 273,410 shares changed hands on the counter till 10:00AM (IST).

On the technical charts, the 200-day moving average of the stock stood at Rs 143.99.

On the technical charts, the 200-day moving average of the stock stood at Rs 143.87.

Domestic indices snapped their previous gains amid negative sentiments from their global counterparts. Weak US consumer data and hawkish comments from the Fed's policymakers on Wednesday hammered investor risk appetite. Lingering fears of recession dragged global bourses down, leaving the market volatile,” said Vinod Nair, Head of Research at Geojit Financial Services

A total of 134,594 shares changed hands on the counter till 12:04PM (IST).

BFSI will drive incremental earnings growth in 3QFY23E aided by healthy business growth, NIM expansion, and benign credit costs, even as opex could remain high due to continuous investments in businesses.

The next two-three years are going to be strong for the CV industry, and Ashok Leyland expects the government to support efforts of companies to move towards the future, said CEO Shenu Agarwal. The tech adoption will be driven by the entire ecosystem, not just OEMs alone, he added.

The stock quoted a 52-week high of Rs 169.4 and a 52-week low of Rs 93.2.

On the technical charts, the RSI of the stock stood at 56.68.

A total of 370,764 shares changed hands on the counter till time (IST).

Promoters held 51.54 per cent stake in the company as of September quarter, while FIIs owned 0 per cent and DIIs 19.5 per cent.

Promoters held 51.54 per cent stake in the company as of September quarter, while FIIs owned 0 per cent and DIIs 19.5 per cent.

After a healthy recovery over the last two-three months, 2W demand momentum has slowed down again, resulting in an expected decline of 5-7% YoY for retail volume in Dec22.

Analysts say auto demand is recovering from its worst slowdown in decades, and they expect 12-18% volume CAGR for passenger vehicles, two-wheelers, and trucks over FY23-25E. Strong top-line growth with improving margins should fuel double-digit EPS CAGR for most OEMs, the report said.

A total of 197,458 shares changed hands on the counter till 10:41AM (IST)

Seasonally, Q4 is a strong quarter for the sector. PV and M&HCV segments to maintain their strong performance while the improving farm sector will aid pickup in tractors and farm implements. Two-wheeler demand to improve due to upcoming marriage and festive season

Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 43636.61 Crore) operating in Auto sector.

“The second half will be equally important. We will have to review whether there is any pivot from the central banks as far as interest rates are concerned, any review on the war situation and then we should take our stance. The market broadly will be range-bound and some of the existing themes will continue to do better.”

A total of 341,506 shares changed hands on the counter till time (IST).

A total of 126,315 shares changed hands on the counter till 01:48PM (IST)

Ahead of listing, shares of Landmark Cars were exchanging hands at a discount of 15-20 in the grey market against the issue price.

According to analysts tracking the grey market, the company's muted financial growth, tepid response and pricey valuations, coupled with spooked sentiments in the listed space are denting the sentiments.

The stock quoted a 52-week high of Rs 169.4 and a 52-week low of Rs 93.2.

The quota reserved for qualified institutional buyers (QIBs) was subscribed 8.71 times while the one reserved for non-institutional investors (NIIs), employees and retailers was subscribed 1.6 times, 2.93 times and 59%, respectively.

"A few things have clearly happened largely on the positive side, thankfully for the auto sector. One, of course, the global crude price has seen a sharp correction. The second factor is that in the initial months of the year a lot of metal prices corrected. In the last two-three months, metal prices have been flat but still on a year-to-date basis, they are down 15%-20% except for nickel. So, as most metal prices are down it is a positive for the automobile sector," said Kunj Bansal of Investment-illiteracy.com in an interaction with ET NOW.

The stock quoted a 52-week high of Rs 169.4 and a 52-week low of Rs 93.2.

The stock traded at a P/E multiple of 169.83, while the price-to-book value ratio stood at 4.71.

“The companys financials are good in the sense that they generate a good amount of free cash flow but on the other hand, when I compare FY22 to FY23, the growth is not that meaningful. The companys margins are very low in the sense that it is a dealership business at best which has no moat but at the same time, a lot of premiumisation is happening in the economy.”

The stock quoted a 52-week high price of Rs 169.4 and a 52-week low of Rs 93.2.

I am a little worried with the kind of momentum we are seeing with smaller bank stocks be it PSU banks, Yes Bank and many other midcap infra companies.