CS OPENING BELL:
NIFTY SPOT UP 76 @ 10760
SENSEX UP251 @ 35430
BANK NIFTY FUTURES UP 199 @ 26590
CS NIFTY FUTURES (JUNE ) OVERVIEW
TREND
BULLISH
RES2: 10875
RES 1:10830
SUP1:10670
SUP2:10630
CS BANK NIFTY FUTURES
(JUNE ) OVERVIEW
TREND
BULLISH
RES 2: 26925
RES 1: 26765
SUP1: 26340
SUP2: 26080
Sales of North America Class 8 trucks
doubled in May 2018. A total of 35,200 vehicles were sold in May 2018 against
16,419 vehicles in May 2017. On a sequential basis, growth was 1%. As per
market experts, Class 8 truck sales are expected to do well in CY2018 on the
back of increasing replacement demand, improving freight fundamentals &
cash flow benefit to fleets & other truck buyers. Total truck sales over
past six months have averaged above 40,000 per month, a very robust trend.
North America Class 8 truck segment accounts for 10-12% revenues for Bharat
Forge and approximately 20% for Ramkrishna Forging. Hence, the data augurs well
for both the companies.
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