Trading (Stock Market)

  Private Bank Sector Details  Private individuals or private corporations own a significant amount of the equity in private sector banks. These banks are free to develop financial strategies for their customers despite adhering to the country's central bank's guidelines. The stock market is where a significant number of these banks' shares are traded, and anyone can purchase a significant number of these banks' shares there.   What exactly are private sector banks? Ø  The majority of the equity or shares in a bank belong to private individuals, and these banks are known as private sector banks. Ø  Indian banking was initially dominated by public sector banks, but private sector banks emerged and quickly expanded after the 1990s. Ø  Their use of cutting-edge technology, innovative financial tools, and innovations contributed to their rapid expansion. Ø  Their use of cutting-edge technology, innovative financial tools, and innovations contributed to their rapid expansio

  Automobile Sector Details Between April 2021 and March 2022, commercial vehicles, three-wheeled, two-wheeled, and quadricycles. India is the world's largest tractor manufacturer, the second-largest bus manufacturer, and the third-largest heavy truck manufacturer. As a result, it holds a strong position in the international market for heavy vehicles. Key Points: At the moment, the automobile industry contributes 49 percent of India's manufacturing GDP and 7.1% of the country's GDP. Between 2022 and 2030, the EV market is expected to expand at a CAGR of 49%, reaching 10 million units annually by 2030. By 2030, 50 million direct and indirect jobs will be created by the EV industry. As of November 2022, passenger vehicles had sold 25,04,084 of their highest-ever number in FY 2022-23. The industry is expected to grow by 16% in FY23. Auto Sector Stock Lists Please watch the videos below for more information. Additionally, for additional IMP Data, subscribe to the channel.