In the upcoming week, a major trigger in the domestic market would be the RBI's rate decision and their commentary on future rate actions. The market is widely expecting a rate hike of 25 basis points. In its December policy meeting, the RBI raised the policy repo rate by 35 basis points (bps) to 6.25%. The CPI inflation has been below the RBIs tolerance band of 6% for two consecutive months. Analysts are also expecting RBI to hint at a long pause in the next policy meeting, providing direction on future rate actions

The commercial vehicle (CV) segment reported double-digit growth in January, with sales at Eicher and Ashok Leyland rising more than 32% each. Eicher Motors lost the most among stocks during the day, down 2.82%, while Ashok Leyland gained the most by 2.78%.

Increase in tax exemption limit with consequent more disposable income for Indian taxpayers in Union Budget 2023-24 is a positive development for domestic automobile space and shall spur growth for the domestic passenger vehicle industry. Positive for Maruti Suzuki, M&M, and Tata Motors in our coverage universe. It is also positive for the premium motorcycle segment with Eicher Motors as key beneficiary with the popular Royal Enfield franchise," said brokerage firm ICICI Direct.

So I think that will remain but the burden needs to shift from central government to state government and private sector on continuing with the capex cycle.

​So I think if they do not do anything on capital gains that itself will be taken as positive. I think people will ignore everything else because ex of that Indian valuations have corrected, things are reasonable now and I would think that the markets are set for an up move ex of any capital gains move which could spoil sentiments in the near term.

In 2020, the government realised the lacunas of the previous initiatives, came back to the drawing board alongside the ministries and drafted the Production

India VIX was down by 0.28% from 14.08 to 13.40 levels on Thursday. Volatility has been hovering at lower levels from the last nine weeks and supporting the bulls to hold the overall command. On the Options front, the maximum Call OI is placed at 19,000 and then towards 20,000 strikes while the maximum Put OI is placed at 18,000 and then towards 18,500 strikes.

GoMechanic had all the right mix to be a pioneer in the garage services business. It had the first-mover advantage, IIM A-graduate founders, big names of the VC world either invested or interested, a strong customer base, and a network of nearly 1,000 garages across 40 cities in place. Yet things went downhill.

The NSE Nifty index was trading 103.3 points up at 18156.6

The NSE Nifty index was trading 97.35 points up at 18150.65

The NSE Nifty index was trading 133.85 points up at 18028.7

Bajaj Finance, Sun Pharma, Hero MotoCorp, Tata Steel and IndusInd Bank were among the top losers on NSE.

“Till the time the index trades above 17,800 on a closing basis, the pattern is eventually expected to break out on the upside. Nifty will be set for a larger bounce, once it crosses the near term barrier of 18,050,” said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.

Adani Ent., Axis Bank, JSW Steel, TCS and Hindalco were among the top losers on NSE in today's trade.

Sula Vineyards Ltd., Generic Engg, Felix Industries, Bombay Super Hybrid and Innovana Thinklabs, hit their fresh 52-week highs during the day.

The NSE Nifty index closed 61.75 points down at 17894.85

The NSE Nifty index was trading 21.75 points down at 17836.45

The NSE Nifty index was trading 78.05 points down at 17780.15

Hero MotoCorp, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 53467.43 Crore) operating in Auto sector.

“Options data suggests a broader trading range in between 17700 to 18500 zones while an immediate trading range in between 17850 to 18250 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

Bajaj Finance, Bajaj Finserv, ICICI Bank, Titan Company and Infosys were among the top losers on NSE in today's trade.

The NSE Nifty index closed 50.8 points down at 17992.15

Speciality Rest, Tainwala Chem, Kapston Facilities, Eurotex Ind and Vadilal Ind, hit their fresh 52-week highs during the day.

Banking & Financials along with the IT were the top drags of the day while FMCG, Auto and Pharma were the top gainers

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.

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

Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 54269.72 Crore) operating in Auto sector.

The NSE Nifty index closed 92.15 points up at 18197.45

The NSE Nifty index closed 92.15 points up at 18197.45

The company had sold 3,94,773 units in the same month a year ago, Hero MotoCorp said in a statement.

The NSE Nifty index was trading 59.7 points up at 18165.0

On the Options front, we have maximum Call Open interest at 19,000 strike, which is Out-Of-Money (OTM) indicating the traders are betting big on 19,000 mark again. Whereas on the Put side, the maximum open interest was at 18,000 strike, suggesting crucial support area for the Nifty in January series

“2023 would be the year in which people will probably put money in companies where they have shown the ability to create newer models and particularly the electric vehicle models. If Bajaj Auto is saying that they would launch two or three new vehicles in the current year, it is quite possible that we might see a surprise coming in from Bajaj Auto in this particular two-wheeler pack.”

​L&T has also done very well but L&T I still believe even from the current levels can offer double digit returns because of the kind of order flows that are happening on a daily basis on the balance sheet and its valuations have not zoomed up as the other large caps.

The NSE Nifty index was trading 174.65 points down at 17952.7

The NSE Nifty index was trading 184.65 points down at 17942.7

The NSE Nifty index was trading 34.95 points down at 18350.35

The NSE Nifty index was trading 4.6 points down at 18380.7

The NSE Nifty index was trading 182.15 points down at 18238.3

The NSE Nifty index was trading 184.75 points down at 18235.7

Mahalaxmi Rub, Shriram Pistons, Prolife Industries, SKM Egg Prod and Jay Jalaram Technologies Ltd., hit their fresh 52-week highs at 10:04AM.