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Wednesday, 25 January 2017

Sensex Rises 100 pts, Midcap Gains Too; HDFC Twins Lead Again

Equity benchmarks maintained early gains, with the Sensex rising 131.44 points to 27507.02 and the Nifty up 42.85 points at 8518.65. About 1335 shares advanced against 864 declining shares on the BSE.

Tata Motors, which launched its lifestyle SUV Hexa here, said it expects to improve market share this year to become the third largest carmaker in the country after Maruti and Hyundai. The Hexa is coming at an introductory price of Rs 12.20 lakh, ex-showroom Hyderabad for the manual transmission and Rs 15.11 lakh for the automatic variant.

"With 5.1 percent market share we are already the number 4 player. Our mission is to become number 3 in market by March 2019 and we expect these new launches will help us achieve that number. In fact, in Andhra and Telangana we are already at No 3 but our ambition is to become No 3 nationally by the March 2019," Vivek Srivatsa, marketing head, passenger vehicles business unit at Tata Motors said here.

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