10:25am Jaguar to
enter luxury SUV segment
British car maker Jaguar, known for its sporty sedans, will
launch the F-PACE offroader in 2016, entering the ultra popular segment of the
luxury sports utility vehicle in a radical departure for the 80-year-old brand.
Luxury SUVs have long been built by parent company Jaguar
Land Rover, which already owns the Range Rover brand, in what has become a
popular segment among women and family buyers.
"The F-PACE is our family sports car," Ian Callum,
Jaguar's director of design said.
The company is also launching two diesel powered Range Rover
models in North America in 2016 with new engines promising fuel savings of up
to 30 percent when compared with gasoline engine powered models, reports
Reuters.
10:00am Market Check
The market was directionless in morning trade today after
seeing rally in previous two sessions. It is eyeing for more third quarter
earnings after getting strong start from the software services exporter Infosys
on Friday. Also the December inflation and November IIP data will be closely watched,
which will be declared this week.
The 30-share BSE Sensex fell 31.61 points to 27426.77 while
the 50-share NSE Nifty rose 1.80 points to 8286.30. However, the broader
markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising
half a percent.
About 1212 shares have advanced, 703 shares declined, and
354 shares are unchanged on the Bombay Stock Exchange.
Hindustan Unilever gained for the sixth consecutive session
today, up 2.4 percent in addition to 14 percent rally in previous week.
Shares of Axis Bank, L&T, SBI, Infosys, ITC, Sun Pharma,
BHEL and Maruti Suzuki were up 0.2-1.3 percent whereas Reliance Industries,
TCS, Bharti Airtel, Tata Motors, ONGC, M&M, GAIL and Tata Steel fell
0.8-1.8 percent. Coal India tanked 4 percent on divestment buzz.
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