Top News Podcast: Nifty hits 9-month low, COVID booster shot rules tweaked for those travelling abroad, Ford won’t make EVs in India and more
Episode 245, May 12, 2022, 02:20 PM
The Nifty50 slumped to the lowest closing level of 2022 and the lowest since July 30, 2021, on Thursday as the market extended its losing streak for the fifth day in a row. Financial, oil & gas, metal and auto stocks were the biggest drags but weakness across sectors pulled the headline indices lower.
Some of the stocks in focus were Punjab National Bank and Coforge, which declined after the firms’ quarterly performances fell short of Street estimates. Tata Motors shares, meanwhile, fell ahead of the fourth-quarter result.
In this edition of Top News Podcast, CNBCTV18.com’s Kanishka Sarkar shares the latest on latest on stock markets, electric vehicles, covid-19 pandemic, Bitcoin’s fall and more.
Auto industry expert Arun Malhotra said called for stringent penalties or punishments for EV companies that may have submitted Grade A cells for testing but used lower quality cells in products for sale.
Ford has ruled out manufacturing electric vehicles in India even after getting approval from the government.
On the global front, Elon Musk is under the lens for his tardy submission of a public form that all investors must file when they buy more than five percent of a company’s shares, according to a Wall Street Journal report.
Tune in to Top News Podcast for more
In case you have any queries or suggestions, please write to us at cnbctv18podcast@nw18.com