Stock Prices rose on Thursday, amidst a global equity surge after the Federal Reserve maintained its projection of three interest rate cuts this year, despite higher inflation in the United States

The markets are likely to respond to a combination of factors including of course the stress in the middle segment comprising small caps and mid caps, which is currently negative.

While early adopters are known to have repaired EV batteries at third-party workshops for a fraction of the cost, new users may find it harder to do so.

While India has jumped on the EV bandwagon, with more Indians buying electric cars, the after-sales service is a recurring concern for potential EV buyers.

The Nifty50 closed at a record closing high of 22,197, up 75 points. The Nifty50 had touched these levels earlier but had receded though it hit a record high of 22,216 in intraday trade.

The electric cars vehicle market in India is a nascent one and it brings with it a range of teething issues that frustrate owners.

MSCI added five Indian stocks to its Global Standard index and did not move any out. In contrast, the index provider removed 66 Chinese stocks while adding five, Reuters reported

Data optimisation helps users but also allows car manufacturers to accumulate tonnes of personal information, giving rise to privacy concerns.

Dalal Street is focussed on the interest rate decisions of the Bank of Japan and European Central Bank, along with the US GDP data now as triggers because the shocks from the Indian Q3 results seem to have mostly now abated

India’s EV users are getting increasingly overwhelmed by the number of apps that they have to navigate to charge their vehicles and addressing this pain point is key for larger EV adoption