Morning Alert.. *Alternative fuels zoom past petrol in share of PV sales: Fada data* For the first time in history, the penetration of petrol-powered cars was surpassed by alternative fuel vehicles in India in August. The share of alternative fuels — compressed natural gas (CNG), hybrid and electric combined — in the passenger vehicle (PV) market stood at 41.95 per cent against petrol’s 40.85 per cent, according to data released by the Federation of Automobile Dealers Associations (Fada) on Monday. Alternative fuel PV sales closed the 11.9 percentage point gap with petrol PV sales seen last August, which was narrower than the 21.03 percentage point gap seen August 2024. This comes at a time when customers are raising concerns over the E20 (20 per cent ethanol and 80 per cent petrol blended) fuel. Automobile retail sales clocked the best-ever August sales this year, at 24,23,201 units, up 18 per cent from the year-ago period, driven by record August retail numbers in PVs, two wheelers (2W), three wheelers (3W), and commercial vehicles (CVs), the data showed. “The defining development of the month, however, was a structural one: for the first time in India’s history, alternative fuels — CNG, hybrid and electric combined — overtook petrol in the PV market, at 41.95 per cent against petrol’s 40.85 per cent . A little over a year ago petrol led this contest by nearly 11 percentage points; that lead has now been erased,” said Sai Giridhar, president, Fada.
*Global market action* Dow Jones – Down by 0.62% or 332.43 points FTSE – Down by 0.13% or 13.63 points CAC – Up by 0.24% or 20.23 points DAX – Down by 0.23% or 59.00 points Gift Nifty – Down by 0.13% or 30.50 points
*FII/DII activities* FII – Bought 280.13Cr worth of shares DII – Bought 566.76Cr worth of shares.
*Major Indian Indices PE* Nifty 50 – 20.1x Nifty Bank – 13.5x
*Stocks with high delivery percentage* HDB Financial Services Ltd – 85.8% TBO Tek Ltd – 80.8% Nuvoco Vistas Corporation Ltd – 76.4% Max Financial Services Ltd – 76.2% Bharti Airtel Ltd – 75.4%
*Primary market activities* IPOs opening today Glass Wall Systems India Ltd (Main board) – Issue size 427.89Cr Prasol Chemicals Ltd (Main board) – Issue size 500Cr Kanohar Electronics Ltd (Main board) - Issue size 1055.74Cr
Listing today Farm Peace Ltd (BSE SME) – Subscribed 1.16x Rays of Belief Ltd (Main board) – Subscribed 107.71x Deepa Jewellers Ltd (Main board) – Subscribed 43.40x Fly-Hi Maritime Travels Ltd (BSE SME) – Subscribed 2.12x
*Commodities updates* Gold – Rs 152750/10gm, Silver – Rs 238996/kg, Brcrude – Rs 8763/barrel, Copper – Rs 1386.45/kg.