The share of sports utility vehicles (SUVs) in the company’s domestic passenger vehicles volume expanded by 500 basis points sequentially to 22%. It increased for the fifth quarter in a row. Maruti’s market share remained between 41-42% for the past four quarters.
Tech View: Nifty flashes bearish signals, immediate resistance at 23k. How to trade on Tuesday
Nifty’s short-term trend remains negative, with support at 22,700-22,650 levels (38.2% Fibonacci retracement) and resistance at 23,000, according to Nagaraj Shetti of HDFC Securities. Open