{"id":93605,"date":"2023-03-05T19:00:00","date_gmt":"2023-03-05T13:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=93605"},"modified":"2023-03-04T17:48:36","modified_gmt":"2023-03-04T12:18:36","slug":"weekly-recap-tata-motors-crosses-50-lakh-passenger-vehicle-production-indian-gdp-grows-at-4-4-and-more","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/weekly-recap-tata-motors-crosses-50-lakh-passenger-vehicle-production-indian-gdp-grows-at-4-4-and-more\/","title":{"rendered":"Weekly Recap: Tata Motors crosses 50 lakh passenger vehicle production, Indian GDP grows at 4.4% and more\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3327970775\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Domestic benchmark indices opened in the Red on Monday. The thirty-share BSE Sensex opened 132.62 points lower at 59331.31 points and the fifty-share NSE Nifty 50 opened 37.2 points lower at 17428.60 points.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4202151226\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>On Friday, the indices posted their biggest single-day gain in the past few weeks. The rally in Adani group stocks added a market capitalization of \u20b9 68,430 crores. Some of the biggest sectoral gainers were from the financial sector.&nbsp;<\/p><h4 class=\"wp-block-heading\" id=\"h-top-gainers-losers\"><strong>Top Gainers\/Losers&nbsp;<\/strong><\/h4><p>Some of the top gainers this week were Macrotech Developers (up 38.36%), <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ADANIENT\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Adani Enterprises<\/a><\/strong> (up 43.28%), Adani Ports &amp; Special Economic Zone (up 20.00%), Adani Green Energy (up 21.54%) and Adani Wilmar (up 16.80%)\u00a0<\/p><p>On the other hand, some of the top losers were BEML (down 9.10%), <a href=\"https:\/\/portal.tradebrains.in\/stock\/RAJESHEXPO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Rajesh Exports<\/strong><\/a> (down 10.32%), Cipla (down 8.78%), Rossari Biotech (down 7.30%) and Zensar Technologies (down 6.35%)\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-1260569811\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\"><strong>Mayne Pharma\u2019s USA prescription portfolio was acquired by Dr Reddy\u2019s for $105 Million&nbsp;<\/strong><\/h4><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/DRREDDY\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Dr Reddy\u2019s Laboratories<\/a><\/strong> Ltd on Monday announced that it has entered into a definitive agreement through its subsidiary to acquire Australia-based Mayne Pharma Group Ltd\u2019s US generic prescription product portfolio for $105 Million. As per the terms of the agreement, Dr Reddy\u2019s is to acquire the portfolio with an upfront payment of approximately USD 90 million in cash and contingent payments of up to $15 Million which will be in consideration towards inventory and credits for certain accrued channel liabilities which is to be determined on the closing date\u00a0<\/p><h4 class=\"wp-block-heading\"><strong>Indian GDP grows at 4.4% in Q3&nbsp;<\/strong><\/h4><p>Due to the poor performance in the manufacturing sector in Q3FY3, the growth of the Indian economy has slowed down to 4.4%. This growth previously stood at 11.2% in October-December 2021 and at 6.3% in July-September 2022 as per the data released by the National Statistical Office (NSO) on Tuesday. The second advance estimate of national accounts by the NSO pegged India\u2019s growth at 7 per cent for 2022-23.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>SC order on Hindenburg issue; Adani says truth will prevail&nbsp;<\/strong><\/h4><p>Embattled business tycoon Gautam Adani on Thursday welcomed the Supreme Court order of a time-bound probe into allegations by Hindenburg Research. Adani said that the order will bring finality in a timely manner and that truth will prevail. A committee of six members will work on the report and it will be submitted within two months.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>Tata Motors crosses 50 lakh passenger vehicle production milestone<\/strong><\/h4><p>The Tata Group company on Friday said that it has crossed the 50 lakh cumulative passenger vehicle production milestone. It crossed the 10 lakh production mark in 2004 and the 20 lakh mark in 2010. <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TATAMOTORS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tata Motors<\/a><\/strong> added that it was able to stride ahead from 40 lakh cars to 50 lakh units within three years, despite COVID-19 and the semiconductor shortage crisis which plagued the global automotive industry.\u00a0<\/p><h4 class=\"wp-block-heading\"><strong>Investor\u2019s wealth climbs \u20b9 3.43 lakh crores on market rally&nbsp;<\/strong><\/h4><p>The wealth of equity investors climbed \u20b93.43 lakh crore on Friday amid an overall positive trend in the market. There was a sectoral rally in PSU banks as reports of foreign investments in Adani stocks helped the sector in recouping the dampened sentiment. Moreover, the sentiment was further lightened as FIIs turned net buyers. Meanwhile, the Indian services sector expanded at the strongest rate in 12 years in February supported by favourable demand conditions and new business gains, according to a survey.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><\/blockquote><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3512107649\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3068771559\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Domestic benchmark indices opened in the Red on Monday. The thirty-share BSE Sensex opened 132.62 points lower at 59331.31 points and the fifty-share NSE Nifty 50 opened 37.2 points lower at 17428.60 points.&nbsp; On Friday, the indices posted their biggest single-day gain in the past few weeks. The rally in Adani group stocks added a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[422,220,421,7039,7036,7037,7034,2656,7038,7040,948,936,2655,3153,3157,2597,2363,2117,3064,159,793,6364,7033,6684,7035],"class_list":["post-93605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-adani-group-latest-news","tag-adani-group-shares","tag-adani-news","tag-adani-supreme-court","tag-dr-reddy","tag-dr-reddys-lab-share-price","tag-india-gdp","tag-market-recap","tag-rajesh-exports","tag-sc-order-on-hindenburg","tag-stock-market","tag-stock-market-news","tag-stock-market-recap","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-tata-group","tag-tata-motors","tag-tata-motors-news","tag-tata-motors-sales","tag-tata-motors-share-price-target","tag-weekly-recap-2023","tag-weekly-recap-of-march","tag-weekly-stock-market-recap","tag-what-is-india-gdp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekly Recap: Tata Motors crosses 50 lakh passenger vehicle production, Indian GDP grows at 4.4% and more\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Domestic benchmark indices opened in the Red on Monday. 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