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The VIDA V1 is now available for customers across Bengaluru, Jaipur and Delhi. Each of the three cities have witnessed encouraging customer response. The brand is planning rapid expansion of its sales and charging network across multiple cities.
VIDA has Experience Centers in Bengaluru and Jaipur, and pop-up stores in Delhi-NCR, where customers can test-ride the Vida V1.
The highly customizable, Built-to-Last VIDA V1, with convenient removable batteries and three way charging options, is available in two variants – VIDA V1 Plus at Rs. 128,000/- and VIDA V1 Pro at Rs. 139,000/-, price includes all connected features, portable charger and charging service. (Effective Price Delhi)
SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 83 points at the opening bell.
The Central government is set to table the Economic Survey 2022-23 today, 31 January 2023. The Economic Survey is the government's review of how the economy fared in the past year. Union Finance Minister Nirmala Sitharaman is set to table the Union Budget 2023 on 1 February 2023.
The International Monetary Fund (IMF) has retained its GDP growth forecasts for India for 2022-23 and 2023-24 at 6.8% and 6.1%, respectively. Growth in India is set to decline from 6.8% in 2022-23 to 6.1% in 2023-24 before picking up to 6.8% in 2024-25, with resilient domestic demand despite external headwinds, the IMF said in an update to its World Economic Outlook report.
Global markets:
Overseas, Asian stocks are trading mixed on Tuesday as investors look ahead to a range of economic data and a potential interest rate hike from the Federal Reserve.
US stocks traded lower Monday, pausing a January rally as investors braced for the busiest week of earnings season and a possible interest rate hike from the Federal Reserve.
The Federal Open Market Committee meets on Tuesday and Wednesday, when the Fed is expected to hike rates by one-quarter of a percentage point. Investors will be looking for clues about how much higher the central bank will take rates in the fight against inflation.
Domestic markets:
Back home, the benchmark indices managed to settle higher on Monday, snapping a two-day losing streak. The barometer index, the S&P BSE Sensex advanced 169.51 points or 0.29% to 59,500.41. The Nifty 50 index added 44.60 points or 0.25% to 17,648.95.
Foreign portfolio investors (FPIs) sold shares worth Rs 6,792.80 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 5,512.63 crore in the Indian equity market on 30 January, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 12 points at the opening bell.
Overseas, Asian stocks are trading mixed on Monday as mainland Chinese markets jumped on resuming trade after a week-long New Year break.
US stocks ended higher on Friday, fueled by gains in Tesla shares and a better-than-expected GDP report on Thursday.
Back home, the equity benchmark indices crashed on Friday. The barometer index, the S&P BSE Sensex tumbled 874.16 points or 1.45% to 59,330.90. The Nifty 50 index slumped 287.60 points or 1.61% to 17,604.35.
Foreign portfolio investors (FPIs) sold shares worth Rs 5,977.86 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 4,252.33 crore in the Indian equity market on 27 January, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 59 points at the opening bell.
Overseas, Asian stocks are trading higher on Friday as Wall Street's major indexes gained after the US economy grew more than expected.
Wall Street ended a choppy session higher on Thursday as investors grappled with an onslaught of economic data and a string of mixed corporate earnings.
The US economy grew faster than expected in the fourth quarter. Gross domestic product increased at a 2.9% annualized rate last quarter. The economy grew at a 3.2% pace in the third quarter.
Back home, the domestic equity barometers ended with deep cuts on Wednesday. The barometer index, the S&P BSE Sensex tumbled 773.69 points or 1.27% to 60,205.06. The Nifty 50 index lost 226.35 points or 1.25% to 17,891.95. The domestic equity market remained closed on Thursday (26 January 2023) on account of the Republic Day.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,393.94 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,378.49 crore in the Indian equity market on 25 January, provisional data showed.
Trading could be volatile as traders roll over positions in the F&O segment from the near month January series to February series. The January 2023 F&O contracts will expire today, 25 January 2023. The domestic stock market will remain shut on Thursday, 26 January 2023 on account of Republic Day.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 47 points at the opening bell.
Overseas, Asian stocks are trading mixed on Wednesday, taking the lead from Wall Street's struggle for direction as China and Hong Kong markets remain closed for the Lunar New Year holidays.
US stocks ended nominally lower on Tuesday at the close of a rocky session marked by a raft of mixed earnings and a technical malfunction at the opening bell.
The downturn in the US business activity eased slightly in January even as it contracted for the seventh straight month, survey showed on Tuesday. S&P Global said its flash US Composite PMI Output Index, which tracks the manufacturing and services sectors, shot off to 46.6 this month from a final reading of 45 in December.
Back home, the domestic stock market ended flat after a volatile session on Tuesday. The barometer index, the S&P BSE Sensex added 37.08 points or 0.06% to 60,978.75. The Nifty 50 index ended flat at 18,118.30.
Foreign portfolio investors (FPIs) sold shares worth Rs 760.51 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,144.75 crore in the Indian equity market on 24 January, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 91 points at the opening bell.
Overseas, Asian stocks are trading higher as Lunar New Year holidays were observed in most of the region.
US stocks closed sharply higher on Monday, fuelled by surging technology stocks as investors began an earnings-heavy week with a renewed enthusiasm for market-leading momentum stocks that were battered last year.
Back home, the domestic equity benchmarks ended with modest gains on Monday, snapping a two-day losing streak amid positive cues from global peers. The barometer index S&P BSE Sensex advanced 319.90 points or 0.53% to 60,941.67. The Nifty 50 index added 90.90 points or 0.50% to 18,118.55.
Foreign portfolio investors (FPIs) sold shares worth Rs 219.87 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 434.96 crore in the Indian equity market on 23 January, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 99 points at the opening bell.
Overseas, Asian stocks are trading higher on Monday as technology stocks tracked Wall Street's strong finish last week and firm crude oil prices lifted energy stocks.
US stocks rallied to close higher on Friday as quarterly earnings helped lift Netflix, while Google parent Alphabet climbed after announcing job cuts.
Back home, the Indian benchmark indices ended lower for the second straight session on Friday. The barometer index, the S&P BSE Sensex shed 236.66 points or 0.39% to 60,621.77. The Nifty 50 index declined 80.20 points or 0.44% to 18,027.65.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,002.25 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,509.95 crore in the Indian equity market on 20 January, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 23 points at the opening bell.
Overseas, Asian stocks are trading mostly higher on Friday as investors digested Japan's inflation data. The nationwide core consumer price index rose 4% in December on an annualized basis, the fastest pace since 1981. The reading climbed from the inflation print of 3.7% seen in November.
The People's Bank of China left the loan prime rates for 1-year and 5-year unchanged, widely in line with expectations. The 1-year LPR stayed at 3.65% while the 5-year LPR remained at 4.3%, both unchanged since August, 2022.
US stocks fell Thursday as investors grew increasingly concerned the Federal Reserve will keep raising rates despite signs of slowing inflation.
Boston Federal Reserve President Susan Collins said Thursday that she thinks the central bank can enact smaller interest rate hikes after a series of aggressive moves last year. Collins said she is “reasonably optimistic that there is a pathway to reducing inflation without a significant economic downturn.”
Back home, domestic benchmark indices corrected on Thursday, after gaining for two straight sessions. The barometer index, the S&P BSE Sensex declined 187.31 points or 0.31% to 60,858.43. The Nifty 50 index lost 57.50 points or 0.32% to 18,107.85.
Foreign portfolio investors (FPIs) bought shares worth Rs 399.98 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 128.96 crore in the Indian equity market on 19 January, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 95 points at the opening bell.
The December 2022 quarterly results season is underway. In the near future, the upcoming budget session would be the key event that the market would be looking for in January 2023. The Budget Session of Parliament is likely to begin on January 31 and is expected to conclude on April 6 with a recess in between. The Economic Survey will be tabled in both Houses on the first day of the budget session, as per reports. Finance Minister Nirmala Sitharaman is likely to present the Union Budget in Parliament on February 1.
Overseas, Asian stocks are trading mostly lower on Thursday after tracking losses on Wall Street overnight.
US stocks dropped sharply on Wednesday, their biggest daily drops in more than a month, after weak economic data fueled recession worries while hawkish comments from Federal Reserve officials soured investor moods further.
Cleveland Federal Reserve President Loretta Mester said Wednesday that interest rates have to keep moving higher even with recent inflation readings softening. As per reports, the policymaker said the Fed likely will have to take its benchmark interest rate above 5% in order to get inflation moving consistently down to the central bank's 2% goal. She noted that markets and the economy absorbed the half-point December rate hike without a problem.
US retail sales fell by the most in a year in December. Retail sales plummeted 1.1% last month, the biggest drop since December 2021. Data for November was revised to show sales decreasing 1% instead of 0.6% as previously reported. Retail sales rose 6% year-on-year in December.
Back home, the benchmark indices registered strong gains on Wednesday, led by metals and financial stocks. The barometer index, the S&P BSE Sensex gained 390.02 points or 0.64% to 61,045.74. The Nifty 50 index added 112.05 points or 0.62% to 18,165.35.
Foreign portfolio investors (FPIs) sold shares worth Rs 319.23 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,225.96 crore in the Indian equity market on 18 January, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 61 points at the opening bell.
Overseas, Asian stocks are trading mostly higher even as the Bank of Japan announced no change to its yield curve control policy.
US stocks saw mixed trend on Tuesday as weak earnings from Goldman Sachs dragged the Dow Jones Industrial Average index lower, but a jump in Tesla shares helped the Nasdaq Composite stay postive as the corporate earnings season took center stage.
Back home, the domestic equity benchmarks ended near the day's high with strong gains on Tuesday. The barometer index, the S&P BSE Sensex gained 562.75 points or 0.94% to 60,655.72. The Nifty 50 index added 158.45 points or 0.89% to 18,053.30.
Foreign portfolio investors (FPIs) bought shares worth Rs 211.06 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 90.81 crore in the Indian equity market on 17 January, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 7 points at the opening bell.
Overseas, Asian stocks are trading mixed Tuesday as investors await a slew of Chinese economic data.
US stock market were closed on Monday, 16 January 2023, in observance of Martin Luther King, Jr. Day.
U.S. Treasury Secretary Janet Yellen is scheduled to hold a meeting with Chinese Vice Premier Liu He on the sidelines of the World Economic Forum, as per reports. The two will hold a meeting to strengthen macroeconomic and financial policy coordination.
Back home, the benchmark indices ended a volatile session with moderate losses on Monday. The barometer index, the S&P BSE Sensex declined 168.21 points or 0.28% to 60,092.97. The Nifty 50 index shed 61.75 points or 0.34% to 17,894.85.
Foreign portfolio investors (FPIs) sold shares worth Rs 750.59 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 685.96 crore in the Indian equity market on 16 January, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 11 points at the opening bell.
Overseas, Asian stocks are trading mixed as investors waited nervously to see if the Bank of Japan (BOJ) will defend its super-sized stimulus policy at a pivotal meeting this week, while a holiday in US markets made for thin trading.
Over the weekend, China reported a surge of nearly 60,000 Covid deaths since dropping restrictions last month. On Sunday, the high-speed rail connecting mainland China and Hong Kong reopened for the first time in three years.
US stock market will be closed on Monday, 16 January 2023, in observance of Martin Luther King, Jr. Day. US stocks ended higher on Friday, with shares of JPMorgan Chase and other banks rising following their quarterly results, which kicked off the earnings season.
The University of Michigan consumer sentiment survey released on Friday showed the one-year inflation outlook fell to 4%, the lowest level since April 2021. December's CPI report showed prices declined 0.1% compared with a month ago, raising hopes that the Federal Reserve may soon slow its rate hikes.
Back home, the equity benchmark indices ended with modest gains on Friday, snapping a three-day losing streak. The barometer index, the S&P BSE Sensex was up 303.15 points or 0.51% to 60,261.18. The Nifty 50 index added 98.40points or 0.55% to 17,956.60.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,422.39 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,953.40 crore in the Indian equity market on 13 January, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 34 points at the opening bell.
India's annual retail inflation edged down from the previous month, while industrial output rose at the fastest pace since June. Annual retail inflation rose 5.72% in December from 5.88% in the previous month, government data showed on Thursday. India's industrial output rose 7.1% in November compared to a contraction of 4% in the previous month.
Overseas, Asian stocks are trading mostly higher after the U.S. consumer price index showed inflation cooled in December, raising investors' hopes that the Federal Reserve can return to slower interest rate hikes.
US stocks climbed on Thursday after a reading of consumer prices fed expectations the Federal Reserve may have the leeway to scale back the size of future interest rate hikes.
A key gauge of US inflation posted a moderate increase in December. Excluding food and energy, the consumer price index rose 0.3% last month and was up 5.7% from a year earlier, according to a US Labor Department report on Thursday. The overall CPI fell 0.1% from the prior month, with cheaper energy costs fueling the first decline in 2 1/2 years. The measure was up 6.5% from a year earlier.
Back home, the key equity barometers ended with minor losses after a volatile session on Thursday, extending losses for the third straight session. The barometer index, the S&P BSE Sensex declined 147.47 points or 0.25% to 59,958.03. The Nifty 50 index lost 37.50 points or 0.21% to 17,858.20.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,662.63 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,127.65 crore in the Indian equity market on 12 January, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 47 points at the opening bell.
On the macro front, the Industrial Production and Manufacturing Production data for November will be released today. Inflation rate for December will also be declared today.
Overseas, Asian stocks as investors look ahead to the U.S. consumer price index report Thursday.
Inflation in China accelerated 1.8% in December compared with a year ago as food prices rose, data from the National Bureau of Statistics showed. The CPI figure was in line with expectations and higher than the previous month's reading of 1.6%.
US stocks ended up sharply on Wednesday as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes.
Back home, the domestic equity barometers ended a choppy session near the flat line on Wednesday. The barometer index, the S&P BSE Sensex declined 9.98 points or 0.02% to 60,105.50. The Nifty 50 index shed 18.45 points or 0.10% to 17,895.70.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,208.15 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,430.62 crore in the Indian equity market on 11 January, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 28 points at the opening bell.
Overseas, Asian stocks are trading mostly higher as investors looked ahead to the U.S. consumer price index, which would set the Federal Reserve's trajectory in its attempt to tackle inflation.
US stocks ended firmly higher on Tuesday on relief that Federal Reserve Chair Jerome Powell refrained in a speech from commenting on rate policy.
Fed Chairman Jerome Powell on Tuesday stressed the need for the central bank to be free of political influence while it tackles persistently high inflation. In a speech delivered to Sweden's Riksbank, Powell noted that stabilizing prices requires making tough decisions that can be unpopular politically.
Meanwhile, the World Bank slashed its growth forecasts for most countries and regions and warned that new adverse shocks could tip the global economy into a recession. Global gross domestic product will probably increase 1.7% this year, about half the pace forecast in June, the Washington-based lender said Tuesday. The bank, which also cut its growth estimates for 2024, said persistent inflation and higher interest rates are among the key reasons. It also cited the impact of Russia's invasion of Ukraine, and a decline in investment.
Back home, the market ended with deep losses on Tuesday. The barometer index, the S&P BSE Sensex tumbled 631.83 points or 1.04% to 60,115.48. The Nifty 50 index lost 187.05 points or 1.03% to 17,914.15.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,109.34 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,806.62 crore in the Indian equity market on 10 January, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 49 points at the opening bell.
Prime Minister Narendra Modi is scheduled to hold a pre-budget meeting with economists and sectoral experts at NITI Aayog on 13 January 2023 to discuss the state of the economy and measures to accelerate growth, as per reports. The meeting will also be attended by several Union ministers. The 2023-24 Budget is set to be presented in Parliament on February 1.
Overseas, Asian stocks are trading mixed after a rally in U.S. stocks evaporated as Federal Reserve officials indicated the central bank will likely need to raise interest rates above 5% before pausing and holding for some time.
U.S. stocks were mixed Monday at the start of a week with a few events that could shake markets, including updates on inflation and the health of corporate profits.
Fed officials on Monday said that policymakers should hike above 5% by early in the second quarter and then go on hold on the rate for a long time. Investors fear that rising rates will push the global economy into recession.
Back home, domestic equity benchmark indices ended with robust gains on Monday, snapping a three-day losing streak. The barometer index, the S&P BSE Sensex advanced 846.94 points or 1.41% to 60,747.31. The Nifty 50 index added 241.75 points or 1.35% to 18,101.20.
Foreign portfolio investors (FPIs) sold shares worth Rs 203.13 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,723.79 crore in the Indian equity market on 9 January, provisional data showed.