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As the dispute over Chinese-owned chipmaker Nexperia affects Europe’s car sector, Volkswagen AG cautioned potential production stoppages owing to the arising supply chain concerns, putting shares of Samvardhana Motherson International Ltd. under scrutiny on Thursday, October 23.

According to Samvardhana Motherson’s annual report, Volkswagen AG was the largest of its clientele, accounting for 9% of the company’s income in the fiscal year 2025.

The richest man in the world, Elon Musk, criticised shareholder advisory companies that have opposed the proposal and begged investors to approve his proposed $1 trillion compensation package during the conclusion of Tesla Inc.’s earnings call.

With a ‘Buy’ recommendation, broking firm Nomura has begun covering Tata Steel Ltd., a subsidiary of the Tata Group. With a price target of ₹215 for the company, the initiation suggests a possible 25% increase from Monday’s closing price.

The market sees a big gap-up opening, with GIFT Nifty up nearly 400 points, tracking global cues.

As trading returns following the midweek Diwali holiday and Tuesday’s token Mahurat trading session, the GIFT Nifty, an early predictor of how key indices in India are likely to open up for trade, is pointing to a sharp gap-up for Dalal Street.

During the Muhurat trading session, the Indian equity market got off to a strong start thanks to encouraging global trends. While Wall Street saw a robust overnight surge that improved investor mood, Asian markets saw higher trading.

Extending its winning streak for the fifth consecutive session, the Nifty closed higher in Samvat 2082’s first session at 25,869, up 25 points. The index closed the Muhurat session in the green for the eighth consecutive time.

As the trading session resumes to the usual affairs, some of the stocks to focus on include PNB, BEL, Dr Reddy’s, Tata Motors, among others.

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