Market Volatility, Exporter Stock Plunges On Regulator Order & Flex Fuel Vehicles | BusinessToday

Key points· Video

• The stock market witnessed a volatile trading session with mid and small-cap indices outperforming broader markets.
• A major exporter's stock hit a lower circuit following an interim order by the market regulator alleging massive financial misrepresentation inflating revenues over five fiscal years.
• The company's management denied the allegations, citing a communication gap and promising full cooperation with the regulator.
• In the automobile sector, leading manufacturers unveiled prototype passenger cars and motorcycles capable of running on high-blend ethanol, marking a significant shift towards alternative energy and cleaner mobility.
• Meanwhile, the power transmission and distribution equipment sector is emerging as a major beneficiary of the national clean energy transition, backed by substantial transmission investment plans.