No Festive Cheer For India's Mid-Cap, Two-Wheeler Stocks Till Now

Bloomberg10-30

(Bloomberg) -- Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:Ola Electric below IPO price Two-wheeler demandNovember ...

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Today we look at:Ola Electric below IPO price Two-wheeler demandNovember ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/business/company-news/2024/10/30/no-festive-cheer-for-indias-mid-cap-two-wheeler-stocks-till-now/\">Source Link</a>\n\n</div>\n","source":"bnn_bloomberg_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>No Festive Cheer For India's Mid-Cap, Two-Wheeler Stocks Till Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNo Festive Cheer For India's Mid-Cap, Two-Wheeler Stocks Till Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 11:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bnnbloomberg.ca/business/company-news/2024/10/30/no-festive-cheer-for-indias-mid-cap-two-wheeler-stocks-till-now/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:Ola Electric below IPO price Two-wheeler demandNovember ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/business/company-news/2024/10/30/no-festive-cheer-for-indias-mid-cap-two-wheeler-stocks-till-now/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IIF","symbol_name":"IIF印度基金","start_time":0,"source_url":"https://www.bnnbloomberg.ca/business/company-news/2024/10/30/no-festive-cheer-for-indias-mid-cap-two-wheeler-stocks-till-now/","article_id":"2479217343","we_media_id":null,"thumbnails":["https://www.bnnbloomberg.ca/resizer/v2/57662KBSXS53GD7WLCSGXF3R5I.jpg?smart=true&auth=906ca5848c6e8cf675b1ea9e9a72207d1ddeedd2ca4b24e21abf0f4ff2610541&width=500&height=333"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479217343","pubTimestamp":1730257312,"sourceInfo":{"source_id":"bnn_bloomberg_highlight","name":"Bloomberg"},"weMediaInfo":null,"summary":"Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:","collect":0,"end_time":0,"defaultTopTitle":"bnnbloomberg.ca","property":[],"viewcount":null,"language":"en","relate_stocks":{"IIF":"IIF印度基金","PIN":"印度ETF-PowerShares","IFN":"印度基金","EPI":"印度收入指数ETF-WisdomTree"},"translate_title":"到目前为止，印度中型股、两轮车股还没有出现节日欢呼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INmain":0.66,"EPI":0.6,"IFN":0.6,"IIF":0.6,"PIN":0.6},"content_text":"(Bloomberg) -- Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:Ola Electric below IPO price Two-wheeler demandNovember factor for mid-capsGood morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Traders will continue to watch key technical levels on the Nifty index after Tuesday’s dramatic intra-day recovery. Nifty futures point to a lukewarm start this morning, and weakness in Asian markets may also weigh on sentiment. Volumes could be low with the Hindu festival of Diwali around the corner. There could be sharp reactions to earnings, with Larsen & Toubro and Tata Power among the key announcements today.Ola Electric falls below IPO price Shares of India’s biggest e-scooter maker Ola Electric fell below their IPO price, as the company struggles with market share losses and rising consumer complaints. This has not been a good month for investors in mainboard offerings, with three out of the four listings — Hyundai Motor India, Garuda Construction and Deepak Builders — trading below their issue prices. They don’t ring a bell at the top, goes a market saying. But a string of flops could be a good indicator that the IPO frenzy may have peaked for now.Festive cheer for two-wheelersShares of two-wheeler majors TVS Motor, Bajaj Auto and Hero MotoCorp have had a miserable October so far, falling between 14% and 20%. Bajaj Auto warned of weak demand during the festive season, but the situation on the ground appears to be slightly better. According to Yes Securities, two-wheeler sales are expected to be much better than car sales mainly due to a recovery in demand from first-time buyers in both rural and urban markets. The broker sees October retail two-wheeler sales rising 20% over last year. Mid-cap bulls can bank on NovemberOctober has been bruising for investors in mid-cap stocks, but November may hold promise. The Nifty Midcap 100 index has risen in November during eight out of the past 10 years, with an average gain of about 3%, according to JM Financial. The mid-cap gauge has also outperformed the Nifty 50 index in seven out of the past 10 instances. With mid-cap stocks down nearly 7% this month and the fundamental picture looking bleak, investors could turn to history for some encouragement.Analysts actions:Wipro Raised to Add at Axis Capital Limited; PT 600 rupeesIndraprastha Gas Raised to Hold at Antique Stock BrokingMarico Raised to Buy at Avendus Spark; PT 735 rupeesThree great reads from Bloomberg today:Trader’s $10,000 Spoofing Profit Haunts Nomura as Fallout WidensAlphabet’s Pricey AI Bet Pays Off With Growth in Cloud, SearchBig Take: Xi’s Made-in-China Plan Is Working Despite US CurbsAnd, finally.. The weakness in India’s stock market is masked by the resilience of its benchmark indexes to the relentless selling by foreign investors. While the Nifty 50 index has fallen nearly 7% from its record high in late September, the selloff in the broader market is deeper. Of the 500 components of the Nifty 500 index — which account for more than 95% of the nation’s market capitalization — only 55% are trading above their 200-day moving average, the lowest in more than a year. With most corporate earnings falling short of estimates, chances are more stocks could slip below this crucial support level.   --With assistance from Alex Gabriel Simon.©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479217343"}