SML Mahindra reports higher June production and sales, but exports drop 47%

SML Mahindra reported a 4.9% rise in June commercial vehicle sales and a modest increase in production, while exports fell nearly 47% compared with the same month last year.

SML Mahindra reported a 4.9% rise in June commercial vehicle sales and a modest increase in production, while exports fell nearly 47% compared with the same month last year.

Shares of NLC India Ltd closed at ₹294.10, down ₹8.15, or 2.70%, on the BSE, while National Aluminium Company Ltd (NALCO) shares settled at ₹349.75, up ₹7.25, or 2.12%.

Shares of Graphite India Ltd ended at ₹581.10, down by ₹22.75, or 3.77%, on the BSE.

According to CNBC’s Andrew Ross Sorkin, Bezos is expected to invest $2 billion in the funding round, while hedge fund Coatue Management is set to contribute around $4 billion.

Eurasia Group’s Pramit Pal Chaudhuri says Qatar is likely to revive US-Iran talks despite President Donald Trump’s remarks, while ample global oil supplies should keep any rise in crude prices limited.

The renewed market volatility came after Trump, speaking at the NATO summit in Ankara, said the ceasefire between Washington and Tehran was “over,” following fresh hostilities in the region.

Shares of Aditya Infotech Ltd ended at ₹3,557.00, up by ₹9.40, or 0.26%, on the BSE.

Probal Sen, Senior Research Analyst-Indian Oil & Gas Sector, Indian Agrichem Sector, Institutional Equities at ICICI Securities discusses India’s energy outlook, LPG supply risks, ONGC and Oil India, while Trading.com’s Peter McGuire shares his view on crude prices amid escalating…

HDFC Bank emerged as the biggest drag. HDFC Bank was the largest contributor to the Nifty 50’s decline on Wednesday. The stock was trading at ₹813.00, down ₹16.30 or 1.97%, shaving 50.61 points off the benchmark index.

Shares of Crompton Greaves Consumer Electricals Ltd ended at ₹259.25, down by ₹9.20, or 3.43%, on the BSE.