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Suzuki surpassed Mercedes-Benz as Japan's leading car importer in June, driven by the popularity of the Jimny Nomad and Fronx, both assembled in India. The Jimny Nomad's success led to a temporary halt in orders due to overwhelming demand. Honda also experienced significant import growth with its India-produced WR-V, highlighting a shift in consumer preference towards affordable, compact SUVs.
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In the Nifty 500 pack, eight stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on July 3, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
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The Securities and Exchange Board of India (SEBI) has prohibited Jane Street Group from accessing India's securities market following allegations of market manipulation. SEBI's order restricts the firm from trading securities directly or indirectly. Banks are instructed to freeze debits from Jane Street's accounts without SEBI's approval, amidst an investigation into the firm's derivatives trades.
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News and Media
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