Mahindra July auto sales dn 6% led by decline in passenger vehicles

  Mahindra & Mahindra Saturday said its auto sales fell 6% to 34,652 units in July compared with same month a year ago due to decline in its passenger vehicle sales.

  The leading SUV maker said its passenger vehicles segment sales declined 13% in July to 14,456 units from 16,569 units same month a year ago.

  The company's domestic sales stood at 31,087 units during July 2015 as against 33,047 units during July 2014.

  However exports for July 2015 rose 41% to 3,565 units, the company said in a filing to exchanges on Saturday.

  "While the auto industry is currently seeing muted growth, we do believe that the launch of some exciting new products will help it turn the tide. In addition, with the advent of a good monsoon till date and reduction in fuel prices, we expect sentiments to improve, leading to overall growth in auto sales," said Pravin Shah, president and chief executive (Automotive) at Mahindra & Mahindra.

Avoid PSU banks as asset quality woes may continue to persist

Pankaj Pandey: If you look at the numbers from a banking perspective, what we have seen is that the asset quality concerns are still persisting and also some of the troubled sectors are still struggling. It does not look like there will be some respite for these sectors in the short term.

That is why we would want to still largely avoid the PSU pack. But selectively, one can look at some of the tier I names from a two- to three-year perspective.

GST bill if implemented can be a game changer; logistics companies to benefit more

The Indian Cabinet of ministers has approved amendments to the Goods and Service Tax (GST) bill, which was suggested by the select panel of Rajya Sabha. As per the new norms, the states for the possible loss of revenues, such as West Bengal and Odisha, would get a full five-year compensation.

The change has been brought because beyond 20 per cent GST is likely to fuel inflation and erode the confidence of consumers in a new indirect tax regime, which is proposed to be rolled out on Apri .. 

The implementation of GST proposes to replace most central and state levies with one single tax and is projected to add as much as 2 per cent to the country's gross domestic product (GDP).

The bill was already passed by the Lok Sabha and is now pending passage in the Rajya Sabha. Actually, the logjam in the Parliament due an acrimonious face-off between the government and the Opposition has threatened to wash out this monsoon session of the Parliament.

Steady Sentiment Witnessed in New Delhi Red Chilli Physical Market

At New Delhi market , Red Chilli Teja(Khamam) is trading at Rs. 11200-11300 per quintal, steady as against previous close. Red Chilli Pala 12 at New Delhi market is quoted at Rs. 9900 per quintal, steady as against previous close. Red Chilli 334 at New Delhi market is offered at Rs. 10200 per quintal, steady as against previous close. Red Chilli Fatki at New Delhi market is trading at Rs. 8200 per quintal, steady against previous close. Red Chilli Packing at New Delhi market is quoted at Rs. 10200 per quintal, steady as against previous close. Red Chilli in New Delhi Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute New Delhi Red Chilli Teja(Khamam) 11200-11300 0 New Delhi Red Chilli Pala 12 9900 0 New Delhi Red Chilli 334 10200 0 New Delhi Red Chilli Fatki 8200 0 New Delhi Red Chilli Packing 10200 0 nnbsp;

Mustard in Physical Market Trading Unchanged in Hapur

At Hapur market , Mustard Seed is trading at Rs. 4500-4525 per 10kg, unchanged as compared to previous close. Mustard in Hapur Market (Prices in Rs. per 10kg) Market Commodity/Variety Price Change Absolute Hapur Mustard Seed 4500-4525 0 nnbsp; Note: The above mentioned prices are in Rs. per 10kg and arrivals are in .

New Delhi Pulses Opened Steady in Physical Market

At New Delhi market , Chana Rajasthan started at Rs. 4650-4700 per quintal, steady as against previous close. Traders reported arrivals at 30 Motars, steady as against previous dayn#39;s arrival. Chana Madhya Pradesh started strong at Rs. 4650-4675 per quintal, higher by 0.54 per cent as against previous day. Total arrivals are at 30 Motars, unchanged as compared to previous dayn#39;s arrival. Chana Dal at New Delhi market began weak at Rs. 5275-5400 per quintal, lower by 0.92 per cent from previous dayn#39;s price level. nnbsp; Pulses in New Delhi Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute New Delhi Chana Rajasthan 4650-4700 0 New Delhi Chana Madhya Pradesh 4650-4675 +25 New Delhi Chana Dal 5275-5400 -50 nnbsp;

At Jagraon market in Ludhiana, Moong Desi is trading at 4000-5500 per quintal, unchanged as compared to previous close. Estimated market supply was at 3000 quintals, steady as against previous dayn#39;s arrival. nnbsp; Pulses in Ludhiana Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Jagraon Moong Desi 4000-5500 0 Note: The above mentioned prices are in per quintal and arrivals are in quintals.

At Jagraon market in Ludhiana, Moong Desi is trading at 4000-5500 per quintal, unchanged as compared to previous close. Estimated market supply was at 3000 quintals, steady as against previous dayn#39;s arrival. nnbsp; Pulses in Ludhiana Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Jagraon Moong Desi 4000-5500 0 Note: The above mentioned prices are in per quintal and arrivals are in quintals.

Gujarat: Wheat Trading Weak in Physical Market

At Rajkot market in Gujarat, Wheat Loose is trading lower at Rs. 1425 per quintal, lower by 0.7 per cent from previous trading day. Estimated market supply was at 1200 quintal, up by 300 quintal as compared to previous day. Wheat Mill Delivery is offered at Rs. 1535 per quintal, unchanged against previous close. Wheat Lokwan at Rajkot market is quoted lower at Rs. 1500-1750 per quintal, down by 2.78 per cent as compared to previous day. Wheat Farmi Tukdi at Rajkot market is offered at Rs. 1500-2000 per quintal, unchanged as compared to previous close. Wheat Mill Delivery at Ahmedabad market is trading strong at Rs. 1600 per quintal, higher by 0.63 per cent from previous trading day. Wheat Mill Delivery at Surat market is quoted lower at Rs. 1630 per quintal, down by 0.31 per cent as against previous day. Wheat in Gujarat Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Rajkot Wheat Loose 1425 -10 Rajkot Wheat Mill Delivery 1535 0 Rajkot Wheat Lokwan 1500-1750 -50 Rajkot Wheat Farmi Tukdi 1500-2000 0 Ahmedabad Wheat Mill Delivery 1600 +10 Surat Wheat Mill Delivery 1630 -5 nnbsp;

Mentha Oil Physical Market Strong in Chandausi

At Chandausi market , Mentha Oil is trading firm at Rs. 980 per Kg, higher by 0.51 per cent as compared to previous day. Mentha DMO is offered strong at Rs. 880 per Kg, higher by 2.33 per cent from previous price level. Mentha Flakes at Chandausi market is quoted firm at Rs. 1075 per Kg, higher by 2.87 per cent from previous dayn#39;s price level. Mentha Crystal at Chandausi market is offered strong at Rs. 1115 per Kg, higher by 3.72 per cent against previous day. nnbsp; Mentha Oil in Chandausi Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Chandausi Mentha Oil 980 +5 Chandausi Mentha DMO 880 +20 Chandausi Mentha Flakes 1075 +30 Chandausi Mentha Crystal 1115 +40 nnbsp;

Mehsana : Jeera(Cumin Seed) Trading Steady in Physical Market

At Unjha market in Mehsana , Jeera(Cumin Seed) Loose is trading at Rs. 15000 per quintal, unchanged as compared to previous close. Total arrivals are at 500 quintals, higher by 500 quintals from previous dayn#39;s arrivals. Jeera(Cumin Seed) NCDEX is offered at Rs. 15500 per quintal, steady against previous close. Jeera(Cumin Seed) Machine Cut at Unjha market is quoted at Rs. 17000 per quintal, steady as against previous close. Jeera(Cumin Seed) in Mehsana Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Unjha Jeera(Cumin Seed) Loose 15000 0 Unjha Jeera(Cumin Seed) NCDEX 15500 0 Unjha Jeera(Cumin Seed) Machine Cut 17000 0 nnbsp;