Vehicle sales failed to impress this festive season, as consumer sentiment fell. Registrations of vehicles in the domestic market during the 42- day festive season this year fell by as much as 11% year-on-year.
What's worrisome is that it is normally a peak period for new vehicle registrations in the country. Worse, the decline comes on the heels of sales contraction in the three months of July, August and September.
The auto index has taken a beating too. The BSE Auto index shed 20% between July and end-October before recovering marginally this month. Where can auto stocks go from here? Listen in.
Moving on, LIC is all set to take over the debt-laden IDBI bank, as the Competition Commission of India gave its nod for a 51% acquisition in the bank.
What does Equitymaster think about the proposed acquisition? Tune in to find out!
Further, we also look at the latest updates in the crude oil markets. Crude oil has fallen over 30% after peaking in October. Where could it go from here. Listen in now!
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