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Topic :- Time:2.30 PM

Nifty is trading flat and dull big trades should be avoided.

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Topic :- Time:12.40 PM

COPPER Trading View:

COPPER is trading at 425.80. If it breaks and trade below 425 level then some decline is possible in it and if it manages to trade and sustain above 426.30 level then some upmove can follow in it.

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Topic :- Time:12.25 PM

At least 224 killed as buildings crumble in Mexico after 7.1 magnitude quake:

A magnitude 7.1 earthquake stunned central Mexico today, killing at least 224 people, including 117 in the capital, said Interior Minister Miguel Osorio Chong. Thousands fled into the streets in panic, and many stayed to help rescue those trapped.

The dead included at least 21 children crushed beneath a primary school that collapsed on Mexico Citys south side during the 7.1-magnitude quake, authorities said.

Dozens of buildings tumbled into mounds of rubble or were severely damaged in densely populated parts of Mexico City and nearby states. Mayor Miguel Angel Mancera said buildings fell at 44 places in the capital alone as high-rises across the city swayed sickeningly.

Hours after the quake, rescue workers were still clawing through the wreckage of a primary school that partly collapsed in the citys south looking for any children who might be trapped. Some relatives said they had received Whatsapp message from two girls inside.

The quake is the deadliest in Mexico since a 1985 quake on the same date killed thousands. It came less than two weeks after another powerful quake caused 90 deaths in the countrys south.

Luis Felipe Puente, head of the national Civil Defence agency, tweeted Tuesday night that the confirmed death toll had risen to 139.

His tweet said 64 people died in Morelos state, just south of Mexico City, though local officials reported only 54. In addition, 36 were killed in the capital, 29 in Puebla state, nine in the State of Mexico and one in Guerrero state, he said.

The count did not include one death that officials in the southern state of Oaxaca reported earlier as quake-related. Mancera, the Mexico City mayor, said 50 to 60 people were rescued alive by citizens and emergency workers in the capital. Authorities said at least 70 people in the capital had been hospitalised for injuries.

The federal interior minister, Miguel Angel Osorio Chong, said authorities had reports of people possibly still being trapped in collapsed buildings. He said search efforts were slow because of the fragility of rubble.

It has to be done very carefully, he said. And time is against us.

At one site, reporters saw onlookers cheer as a woman was pulled from the rubble. Rescuers immediately called for silence so they could listen for others who might be trapped. Mariana Morales, a 26-year-old nutritionist, was one of many who spontaneously participated in rescue efforts.

She wore a paper face mask and her hands were still dusty from having joined a rescue brigade to clear rubble from a building that fell in a cloud of dust before her eyes, about 15 minutes after the quake.

Morales said she was in a taxi when the quake struck, and she got out and sat on a sidewalk to try to recover from the scare. Then, just a few yards away, the three-story building fell.

A dust-covered Carlos Mendoza, 30, said that he and other volunteers had been able to pull two people alive from the ruins of a collapsed apartment building after three hours of effort.

We saw this and came to help, he said. Its ugly, very ugly.

Alma Gonzalez was in her fourth floor apartment in the Roma neighbourhood when the quake pancaked the ground floor of her building, leaving her no way out, until neighbours set up a ladder on their roof and helped her slide out a side window.

Gala Dluzhynska was taking a class with 11 other women on the second floor of a building on trendy Alvaro Obregon street when the quake struck and window and ceiling panels fell as the building began to tear apart.

She said she fell in the stairs and people began to walk over her, before someone finally pulled her up.

There were no stairs anymore. There were rocks, she said.

They reached the bottom only to find it barred. A security guard finally came and unlocked it.

The quake sent people throughout the city fleeing from homes and offices, and many people remained in the streets for hours, fearful of returning to the structures.

Alarms blared and traffic stopped around the Angel of Independence monument on the iconic Reforma Avenue.

Electricity and cellphone service was interrupted in many areas and traffic was snarled as signal lights went dark.

The US Geological Survey said the magnitude 7.1 quake hit at 1:14 pm (2:15 pm EDT) and was centred near the Puebla state town of Raboso, about 123 kilometres southeast of Mexico City.

Puebla Governor Tony Gali tweeted there were damaged buildings in the city of Cholula, including collapsed church steeples.

Earlier in the day, workplaces across Mexico City held earthquake readiness drills on the anniversary of the 1985 quake, a magnitude 8.0 shake that killed thousands of people and devastated large parts of the capital.

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Topic :- Time:12.00 PM

Nifty is trading flat ahead of Fed outcome. Nifty spot is trading at 10144. If it manages to trade and sustain above 10150 level then expect some quick upmove in the market however 10170 will act as immediate resistance to watch out for and if it breaks and trade below 10130 level then some profit booking can be seen in Nifty. Avoid big trades for the time.

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Topic :- Time:12.00 PM

Just In:

224 dead after powerful 7.1 earthquake in Mexico, says government: news agency AFP.

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Topic :- Time:11.00 AM

News Wrap Up:

1. Bad news likely soon for HNIs, businesses paying less advance tax than previous year

2. Tata Steel and Thyssenkrupp sign MoU for JV

3. SBI Lifes $1 billion IPO opens today

4. 7.1 magnitude quake kills nearly 150 in Mexico

5. Trai cuts interconnect charges to 6 paise a minute 

6. Bharti Airtel, Idea Cellular slip; Reliance hits new high as Trai cuts interconnect usage charge

7. Shell crackdown: Govt makes public names of over 55,000 debarred directors

8. 18 McDonalds outlets reopen in Delhi

9. Equity funds sitting on Rs 50,000-crore cash pile

10. L&T gains on winning contract worth Rs 1,700 crore in Kuwait

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Topic :- Time:10.55 AM

Just In:

India third worst-hit country by natural disasters: UN chief

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Topic :- Time:10.40 AM

After positive opening nifty is now trading in negative zone. Nifty spot if breaks and trade below 10140 level then some softness can be seen in the market and if it manages to trade and sustain above 10160 level then some upmove can be witnessed in the Nifty.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 20 Sept,2017:

Nifty to turn volatile as the day progresses. Good stock specific movement is expected in the market.

Nifty spot if manages to trade and sustain above 10180 level then some upmove is expected in the market and if it breaks and trade below 10120 level then some profit booking can be seen in the market. 

Please note this is just opening view and should not be considered as the view for the whole day.

Do visit this section regularly during trading hours for Live stock market tips, Share market trading view, commodity tips and various commodities views.

Stay updated and earn good money from trading.

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The Assam government has become the 12th state to bring into effect a two-child policy for state government employees after passing its State Population Policy recently, reported Times of India.

Under this policy, anyone who has more than two children cannot be elected or nominated to Panchayat and other local bodies' elections or government jobs.

According to the report, Assam health and family welfare minister Himanta Biswa Sarma said that the service rules for state government employees will soon be changed to give effect to the two-child policy.

The policy states that it would also propose to the Centre to set the two-child norm as a yardstick for candidates who want to contest Assembly elections.

"In case any MLA from the state flouts the family planning norms, say MLAs having more than two children, he/she may be disqualified from hisher membership and be debarred from contesting polls," read the policy.

The policy was drafted by the Health & Family Welfare Department and the state government keeping in mind the strain of the growing population on the natural resources and environment.

According to the 2011 Census, the population of Assam increased to 3.2 crores from 2.66 crore in 2001 and recorded a decadal growth of 17.07.

Although there was a decline in the decadal growth of population, the rate of increase is at an unsustainable level, the government stated.

The Population Policy draft is aligned with the country's National Population Policy that aims at reducing or stabilising India's population by 2045.

As per the latest World Population Prospects released by United Nations (revised in 2015), the estimated population of India will be 1419 million (approximately) by 2022, outpacing China as the world’s most populous nation.

Assam is not the only state that has implemented two-child policy to meet the national target. Bihar, Himachal Pradesh, Madhya Pradesh, Rajasthan, Haryana, Andhra Pradesh, Odisha, Chhattisgarh, Gujarat, Maharashtra and Uttarakhand have at some point implemented two-child policy for state government employees.

Madhya Pradesh, Chattisgarh, Haryana, and Himachal Pradesh later revoked their two-child policy laws.

Even though the goal of the policy is to provide access to quality education, healthcare and employment opportunities, the policy is criticised for its possible side-effects, similar to the ones China is facing now such as demographic changes following the implementation of one-child policy.

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Topic :- Share Market Closing Note

Gripped by volatility through the day on the back of escalating tensions on the North Korean front, benchmark indices ended the week on a flat note, with the Nifty ending above 10,050.

The Sensex closed up 30.68 points at 32272.61, while the Nifty ended down by 1.20 points at 10085.40. The market breadth was negative as 1099 shares advanced against a decline of 1466 shares, while 154 shares were unchanged.

Midcaps ended on a flat note, while other Nifty sectoral indices ended in the red, barring Nifty IT. The index closed almost a percent higher.

Among stocks, ONGC and Bajaj Auto were the top gainers on both indices, while BHEL, Dr Reddys Laboratories and IndusInd Bank were the top losers.

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Topic :- Time:3.10 PM

Nifty spot if manages to close above 10090 level then expect some quick upmove in the market in coming trading sessions and close below above mentioned level will result in some sluggish movement. Avoid open positions for Monday.

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Topic :- Time:2.45 PM

Just In:

More trouble for Vijay Mallya: UKs Serious Fraud Office to launch probe.

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 29960. If it breaks and trade below 29950 level then it is likely to show some quick fall and if it manages to trade and sustain above 29980 level then some upmove can be seen in it.

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Topic :- Time:2.00 PM

As mentioned in the morning note market is still flat and dull today. Nifty spot immediate support is at 10050-10040 levels and above 10080 level only some upmove can be seen.

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Topic :- Time:1.00 PM

There is no movement in the market as such. Big trades should be avoided as off now. Nifty spot if breaks and trade below 10040 level then some profit booking can be seen in Nifty and if it manages to trade and sustain above 10070 level then some upmove can be seen in Nifty.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 421.30. If it manages to trade and sustain above 421.60 level then expect some upmove in it and if it breaks and trade below 420 level then some decline can be seen in it.

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Topic :- Time:12.25 PM

Just In:

Godrej Prop partners debt-laden Nirmal Ventures.

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Topic :- Time:12.00 PM

Nifty spot is trading at 10057. If it manages to trade and sustain above 10070 level then expect some upmove and if it breaks and trade below 10030 level then some profit booking can be seen in the market. Avoid big trades as off now as nifty is trading in a very small range.

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Topic :- Time:11.30 AM

News Wrap Up:

1. ICICI Lombards Rs 5,700 cr IPO is finally out.

2. North Korea fires missile over Japan 

3. Railways to start its biggest track renewal exercise

4. A company with no assets raises $600 million in IPO

5. Mistrys to vote against Tata Sons move to become a private limited company

6. Commodity derivatives volumes lowest since 2010

7. Birla Sun Life Mutual Fund faces Sebi flak for renaming schemes

8. GST on fuel can help rein in prices

9. Modi-Abe meet: Take a look at Indias major imports and exports with Japan

10. Maruti will make electric cars in Gujarat.

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Topic :- Time:11.00 AM

After negative opening nifty is still trading in negative zone. Nifty spot if breaks and trade below 10040 level then further decline can be seen in the market and if it manages to trade and sustain above 10080 level then some upmove can follow in the nifty.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 15 Sept,2017:

Stock specific action is expected in the market. Avoid big trades.

Nifty spot if manages to trade and sustain above 10120-10130 levels then expect some upmove and if it breaks and trade below 10060 level then some profit booking can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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India's informal sector got badly affected by demonetisation and may take further hit due to GST, a UN report today said, lowering country's growth projection to 6.7 per cent for 2017 from 7 per cent in 2016.

UNCTAD's Trade and Development 2017 report notes that the world economy in 2017 is picking up but not lifting off. The growth is expected to reach 2.6 per cent, slightly higher than in 2016 but well below the pre-financial crisis average of 3.2 per cent.

Referring to India and China, it said at the current levels of growth, the countries are unlikely to serve as "growth polls" for the global economy in near future.

India's "output growth" is likely to slowdown to 6.7 per cent in 2017 from 7 per cent in the previous year, it said. The report retained the growth projection for China at 6.7 per cent, the same as 2016.

India's growth performance, it said, depends to a large extent on reforms to its banking sector, which is burdened with large volumes of stressed and non-performing assets, and there are already signs of a reduction in the pace of credit creation.

Indian banks are saddled with non-performing assets of about Rs 8 lakh crore.

Since debt-financed private investment and consumption have been important drivers of growth in India, the easing of the credit boom is likely to slow GDP growth, it said.

"In addition, the informal sector, which still accounts for at least one-third of the country's GDP and more than four-fifths of employment, was badly affected by the government's 'demonetisation' move in November 2016, and it may be further affected by the rollout of the GST from July 2017," it said.

Thus, even if the current levels of growth in both China and India are sustained, "it is unlikely that these countries will serve as growth poles for the global economy in the near future".

The report said the gradual slowdown of China is expected to continue as it moves ahead with rebalancing its economy, towards domestic markets.

However, the explosion of domestic debt since the crisis is proving to be a major challenge for a sustained growth.

Thus, the dependence on debt makes the boom in China and India difficult to sustain and raises the possibility that when the downturn occurs in these countries, deleveraging will accelerate the fall and make recovery difficult, it said.

"Expecting these countries to continue to serve as the growth poles that would fuel a global recovery is clearly unwarranted," the report said.

Referring to global growth, it said most regions are set to register small gains, with Latin America exiting recession and posting the biggest turnaround, even if only at 1.2 per cent growth.

The eurozone is expected to see its fastest growth since 2010 (1.8 per cent) but is still lagging behind the US.

The United Nations Conference on Trade and Development (UNCTAD) report also said that unregulated finance remains at the heart of today's hyper-globalised world and the failure to tame it and address the deep-seated inequalities, it has generated threatens efforts to build inclusive economies.

The report calls for a serious examination of market power, rent-seeking behaviour and "winner-take-most" rules of the game, which have generated exclusionary outcomes.

In response to the political slogan of yesteryear - "there is no alternative" - the report outlines a global new deal to build more inclusive and caring economies.

This would combine economic recovery with regulatory reforms and redistribution policies, and do so with speed and at the requisite scale.

"The successes of the New Deal of the 1930s in the United States owed much to its emphasis on counterbalancing powers and giving a voice to weaker groups in society, including consumer groups, workers' organisations, farmers and the dispossessed poor. This is no less true today," it said.

It further said a decade after sparking a massive global crisis that absorbed trillions of dollars of taxpayers' money in bailouts, the dominant financial sector has barely changed.

The report also examines other sources of anxiety linked to robots and gender discrimination, which are affecting job prospects in developed and developing economies alike.

"While automation and increased female participation should be welcome developments, they appear threatening because they coincide with a world of austerity and excessive competition, leading to a race to the bottom in job markets," the report said.

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Indian market is on the cusp of breaking its record milestones. Sharing his outlook with CNBC-TV18, Sridhar Sivaram, Investment Director, Enam Holdings said the rally is due to the gush of liquidity. The market did not seem to be in a bubble, he said.

“This is a part of a global rally…emerging markets are at a 3-year high, US markets are up,” Sivaram said in an interview.

So, where does an opportunity lie for an investor in such times?  Sridhar said one could look at leveraged companies with a reasonable business model. Transmission of interest rates have been undertaken, which is reflected in about 100 basis points cut in not so well-rated companies as well, he noted.

Additionally, there are huge deposits floating in the market. All of these, are giving opportunities in terms of earnings growth and we are looking at that chance, Sridhar said. Total debt in the corporate world is Rs 40 lakh crore and one percent reduction in the rate could mean a big impact on the financials.

It would also be good to look at banks, Sridhar said. He is optimistic on the bankruptcy process and by March, he said, we will know if banks have provided enough or not. This makes it easier for the government as well to decide on how much capital is needed.

Pharmaceutical space, he felt has become stock specific. The business model has changed and patent issues are playing out now. There are changes in the US distribution setup as well, he told the channel. So, it is very difficult to take a call on the overall sector, he added.

Among non-banking financial companies (NBFCs), Sridhar said housing finance is a worrisome segment and is in a bubble. “Most of the companies have 50-55 percent of the book as mortgage. Large part is builder and corporate finance. Even then, with this high risk profile, they are trading at higher valuations,” he added.

Within NBFCs too, microfinance institutions is another space to be seen with caution, he said. Credit rating agencies have pointed out red flags for the sector, which also sees risks due to political intervention in terms of a loan waiver. This is subprime and non-collateralised lending, which is a worry.

Stating his views on multiple insurance IPOs hitting the primary market, he said investors must look at the 61-month persistency ratio as they tend to make money only after five years. In fact, from that point, they earn till the tenth year. Currently, we are at a persistency ratio of 50 percent, which is very low, he added.

For the uninitiated, this ratio helps in understanding whether investors look to hold on to their policies with the said insurer. It will help investors in understanding the customer base and the track record of the company.

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Ten months after the note-ban which saw the scrapping of the 1000 and 500 rupee notes, nearly 70 per cent of the population want the Rs 1,000 banknotes back, says a survey.

Last November, government scrapped Rs 500 and Rs 1,000 notes, which accounted over 86 per cent of the total Rs 16.24 trillion value of banknotes in circulation as of March 2016.

To the consternation of the pro-note-ban advocates and the government which was expecting trillions in savings from the move, last week the Reserve Bank had said as much as 99 per cent of the scrapped notes have come back to the system.

"Nearly 69 per cent of the of surveyed population responded with 'yes' when asked if there is a need for Rs 1,000 banknotes," according to a survey conducted by Way2Online, a Hyderabad-based local language short news app.

Following demonetisation, the Reserve Bank had also introduced new Rs 500 and Rs 2,000 notes.

Having released the new Rs 500 and Rs 2,000 bills for easy swapping of old notes, the choice of denominations severely hurt the section of population that deal with smaller denomination notes, the survey said.

"Around 62 per cent of the respondents faced problems in getting change since the note ban, while a 38 per cent had no issue in getting the change," the survey said.

In August, the Reserve Bank introduced Rs 200 banknotes in a bid to fill the gap and ease cash transactions by guaranteeing getting change for larger denomination notes.

When asked if the newly minted Rs 200 bill will help in fixing the problem, more than two-thirds of the respondents or 67 per cent, answered in the affirmative while 17 per cent said that the new note will make no difference.

Of the 62 per cent who had trouble with getting exact change, only 44 per cent believed the new 200 currency note will solve the problem, while 10 per cent are convinced that the current ratio is too big to be filled with just a single denomination note.

Only 8 per cent were unaffected by the move, probably they have accepted digital payments or have apprehensions about the availability of the new notes.

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Topic :- Share Market Closing Note

Driven by positive global cues and rally in index heavyweights here, benchmark indices ended the second session of the week on a positive note, with the Nifty just short of 10,100.

The Sensex ended up 276.50 points at 32158.66, while the Nifty closed higher by 87.00 points at 10093.05. The market breadth was positive, but narrow, as 1436 shares advanced against a decline of 1151 shares, while 162 shares were unchanged.

Tata Motors, Tata Motors DVR, BPCL and GAIL were the top gainers, while Wipro, Hero MotoCorp, and IndusInd Bank lost the most.

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Topic :- Time:3.10 PM

Nifty spot close above 10090 level will result in some upmove in coming trading sessions and close below above mentioned level will result in sluggish move. Avoid open sell positions for tomorrow.

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Topic :- Time:1.00 PM

Nifty is still struggling in same small range. Nifty spot  if manages to trade and sustain above 10080 level only then further upmove is expected and if it breaks and trade below 10040 level then some softness can be seen in the market.

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Topic :- Time:12.30 PM

NATURALGAS Trading View:

NATURALGAS is trading at 189.70.If it manages to trade and sustain above 190 level then it is likely to show some upmove and if it breaks and trade below 188.60 level then some profit booking can be seen in it.

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Topic :- Time:12.00 PM

Nifty is trading in a small range.Nifty spot if manages to trade and sustain above 10070 level then expect some upmove and if it breaks and trade below 10040 level then some profit booking can be seen in it.

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Topic :- Time:11.30 AM

News Wrap Up:

1. World Bank accepts Modi govts reform claims, big thumbs-up likely next month

2. L&T construction arm bags orders worth Rs 2,525 crore

3. Cant force customers to buy e-cars: Maruti chairman

4. Pvt schools offer to take in Ryan students

5. GST cess pulls cigarette sales down 8-9% in July-August

6. Airtel has misrepresented facts & data, accuses Jio

7. Sebi may tighten norms for firms audit committees

8. Indian banks to face $65-bn capital shortage by FY19, cautions Fitch

9. SC tells Jaypee Infratech to deposit Rs 2,000 cr by October 27

10. HDFC Bank hits new high; surpasses TCS in market cap ranking

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Topic :- Time:11.00 AM

After positive opening nifty is still trading in positive zone. Nifty spot if manages to trade and sustain above 10060 level then expect some upmove and if it breaks and trade below 10030 level then some softness can be seen in it.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 12 Sept,2017:

Nifty is likely to turn volatile as the day progresses. Stock market traders are advised to trade as per market trend and should follow levels properly.

Nifty spot if manages to trade and sustain above 10040 level then expect some upmove and if it breaks and trade below 9980 level then some softness can be seen in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.

Please visit this section regularly for Live stock market view, Commodity market view, stock tips and commodity tips.

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Tata Steel has finally freed itself from its 15 billion pound UK pension liability. The steel major has received the confirmation from UK's pension regulator for the deal.

In an interview to CNBC-TV18, Rakesh Arora, Independent Market Expert said this was in the making for some time and very well expected by the market so it will not come as a surprise.

He further said that people are more focused on a possible merger with Thyssenkrupp.

"Talking about pension liability - the first impact is that they have to provide for 550 million pounds. So it's a negative impact on the balance sheet and profit and loss (P&L). Second, they concede 33 percent stake in Port Talbot to the trust. So to that extent earnings are going to go down whenever this deal is consummated, so it's also a negative impact on the P&L,

Generally looking at the sector and Tata Steel in particular, we are coming closer to the end of good news period for Tata Steel, said Arora. However, the next good news possibly is a merger with Thyssenkrupp, he added.

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The goods and services tax (GST) council is set to meet for the third time since the rollout of the new tax regime at this meeting which will take place in Hyderabad. The centre is expected to apprise the council of the GST collections for the month of July. Sources say the council will also take stock of GST related concerns and demands of various sectors.

Ahead of the GST review meeting tomorrow, CNBC-TV18's Timsy Jaipuria caught up with the CEO of GST Network, Prakash Kumar and asked him about the recent criticism that the system is facing.

Kumar said that it is easy to criticise but I have the figures to give you. There are no challenges from the system side, he added.

Major challenge is the last minute rush to file returns, he mentioned.

He further said that as of today, 25 percent of tax payers have filed for GSTR-1.

"In the month of July we had roughly 10 lakh new tax payers approved and in August another 10 lakh. It is 10 lakh per month in two months," said Kumar.

Approximately 80 lakh taxpayers have registered for GST, he further mentioned.

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It could have been Renault and not Suzuki to own half of the Indian car market had the French car maker put in some serious thoughts about the invitation from the government of India to form a joint venture in early 80s.

Renault could not meet the pricing parameters set by the Indira Gandhi government. So, to bring to life her son Sanjay Gandhi’s dream of making a common man’s car for India, the government went ahead to join hands with Suzuki Motor Corporation.

By end of July Maruti Suzuki’s (MSIL) domestic market share stood at an enviable 51 percent, the best from the time Suzuki Motor Corporation (SMC) became a majority shareholder in the joint venture. Its best-ever market share came in 1997-98 when Maruti Udyog (as it was known then) clocked 83 percent share.

Maruti’s closest competitor Hyundai, which entered India in 1998, has only 16 percent share, as of today. Renault, which ultimately entered India in 2005 through joint venture with Mahindra & Mahindra (M&M) to make the Logan, has not covered much distance either. By end of July the French company had a share of just 3 percent while the JV with M&M was dissolved in 2010 itself.

While the competition continues to struggle Maruti has gone from strength to strength. MSIL became the biggest and most profitable subsidiary of SMC in the 3 million strong, world’s fourth largest Indian car market. From 3.52 lakh units clocked in 2001-02 MSIL closed last financial year with volumes of 1.44 million units, a four-fold rise.

Unlike competition where only one or two models lift volumes for the whole company (for instance Ford, Renault, Honda, Toyota, Tata Motors) Maruti’s sales are dependent on at least six models. Alto, Wagon R, Swift, Baleno, Brezza, Dzire clock more than 10,000 units every month for the car market leader.

Alto (800cc and 1000cc) generates 17 percent of the volumes of Maruti Suzuki selling an average of 21,000 units every month. This is followed by the Swift with average sales of 15,000 units a month. Both the models have not received any significant upgrade in the past few years.

Maruti’s annual production capacity is at 1.55 million units excluding the initial installed capacity of 250,000 units a year at Gujarat which is owned by SMC. This additional capacity takes care of the capacity constraint Maruti was facing during the whole of last year.

“We are expecting a double digit growth this year. The company is on track to achieve 2 million sales by 2020. Beyond that sales may increase to 2.5 or even 3 million per annum”, said R C Bhargava, chairman, Maruti Suzuki India at the recently concluded annual general meeting.

Recently the company marched past Tata Motors in valuation to become the highest valued automotive company in India. This is despite the fact that Tata Motors has Jaguar Land Rover in its kitty.

But there is no dearth of new companies eyeing opportunities in India. Yet another French company Peugeot is gearing up for a second innings in India. SAIC, China’s largest car company is preparing the MG brand for India whereas Kia, a sister company of Hyundai also has finalized plans.