Tata Motors, automobile company promoted by Tata Sons reported Group’s global wholesales number inclusive of Jaguar for June 2018. The company posted a 12 per cent rise at 1,00,135 units as compared to the corresponding month of the last year. The stock of Tata Motors is trading higher by 0.6 per cent from the previous close.

Saudi and Russia are striving hard to bring in equilibrium. However, rising trade war concerns in US and China too dragged oil prices down, hitting a low of 76.60 from recent high of 79.70. Prices can hit 72.95-72.45 again which is a crucial support. 78.50 and 79.70 will act as immediate resistances, followed by 80.50.

Making gradual higher highs almost on a daily basis from its recent low at 34,937 on June 28, Sensex tried hard to give a breakout of the downward sloping trendline level drawn from its all-time high level. Meanwhile, three Sensex companies succeeded in hitting 52-week high in intraday trade.

Healthcare service provider and pharmacy operator, Apollo Hospitals has acquired 50 per cent stake in Medics International Lifesciences for consideration of Rs. 91 crore through primary issuance of shares by the latter. Medics operates a hospital in Lucknow which is a 330-bed super speciality hospital project.

Bajaj Auto surged as much as 3.5 per cent in Friday’s trade, registering more than 13.5 per cent overall gains since its recent lows near 2,705 level on June 28. Robust sales numbers and promotional offers have been discounted in the stock prices and still holds an upside potential.

Lupin, the tuberculosis drug specialist company, in which Rakesh Jhunjhunwala holds 1.9 per cent stake was trading 1 per cent higher when the Pharma index was flat. On Friday, Lupin grabbed the second position as the top pharma gainer after Divis Lab which was trading 3 per cent up.

Equity markets yet again ended in doldrums on Tuesday, repeating what it has been doing for the past four to five trading sessions. FMCG sector gained more than a per cent, while energy sector shedding 1.4 per cent, which led to a roller-coaster ride in the markets.

Following the benchmark indices, S&P BSE 100 index too tumbled to close down by 0.6 per cent. However, three stocks listed on BSE 100 category hit 52-week high levels including Bajaj Finserv, Bajaj Finance and Page Industries. 

Indian stock markets turned subdued at the start of the week, despite a very sharp upside and positive closure in the last week. Nifty Auto index which shed more than 1 per cent is the top sectoral loser. Tata Motors which is a part of Nifty50 and forms almost 10 per cent of Nifty Auto, has tumbled nearly 4 per cent and was the top loser in both the indices on Monday.

Indian benchmark indices which remained subdued for almost the entire trading session, gave the last hour bounce back to close nearly 0.7 per cent up. Broader markets too closed in green but underperformed the benchmark indices. All the sectors closed in the positive territory where pharma followed by all banking sectoral indices and FMCG outperformed the markets.