A look at the headlines in the sector right now:

  1. Sensex ends more than 300 points down, while the rupee hit a two-month high against the dollar: Nifty fell by more than 100 points, with the negative trend mostly caused by trading in the oil and gas, energy, healthcare, finance and banking sectors.
  2. Domestic car sales rise nearly 10% in July, says report: While Maruti and Hyundai led the passenger vehicle segment, Hero MotoCorp and Honda Motorcycle and Scooter India helped boost sales of two-wheelers.
  3. AAP leader Kartar Singh has hidden assets worth Rs 130 crore, I-T raids reportedly found: The search and seizure operations have purportedly revealed that the Chattarpur MLA has unaccounted for farmhouses and proxy-owned properties.
  4. US, Saudi Arabia may ink $1.4-billion deal on sale of tanks and other military weapons: The Pentagon made the announcement at a time when there were reports of civilian deaths from airstrikes in Yemen led by the West Asian nation.
  5. SEBI relaxes debt fund exposure limit for housing finance companies: The move is aimed at better supply of funds to the low-cost housing sector.
  6. Micromax launches Canvas Smart LED TV, looks to capture 5% market share: The domestic firm is expecting to sell around 1.25 million units this fiscal
  7. Raghuram Rajan keeps key rates unchanged in final monetary policy review: The reverse repo rate also remained the same at 6%, while the CRR was maintained at 4%, leaving the next RBI governor with the task of keeping inflation down.