The major Asian stock markets have opened the day on mixed note with Hong Kong market (down 0.44%) and Taiwan market (down 1.42%), leading the losses. However, stock markets in Japan (up 0.63%) have opened on a positive note. European and US stock markets closed their session in green. The rupee is trading at 63.73 per US dollar.
Major stocks in the automobile space have opened weak. As per an article in business standard, Maruti Suzuki has launched a diesel powered S-Cross priced between 8.34-13.74 lakh (ex-showroom Delhi). The car will be retailed only through Nexa outlets. Nexa is a recently launched premium dealership. In order to appeal to the premium customer the company has dropped the Maruti Suzuki batch and the car will only sport the 'S' logo. S-Cross is a crossover but will compete with SUVs such as Renault Duster, Nissan Terrano and Hyundais Creta. Maruti has got confirmed bookings of 6000 vehicles for the S-Cross so far. Stock of Maruti Suzuki is trading down by 0.32%.
Stocks in the metal spaces have opened on a mixed note. As per an article in financial daily, Tata Steel has discontinued the talks with Switzerland based Klesh Group for sale of its Tata Steel UK subsidiary 'Long Products Europe'. The subsidiary manufacturer's plates, sections, wire rod and semi-finished steel for different markets, including construction, ship-building & engineering, energy and wire drawers. These products are made at its mills in Teesside and Scunthrope in the UK. Klesh group is an industrial commodities business with three divisions specializing in the production and trading of chemicals, metals and oils. Stock of Tata Steel is trading down by 1.87%.