The Nifty Auto Index Trades Positively in an Upbeat Market
The Nifty Auto index is showing positive movement in the market, indicating a bullish trend. As of 10:34 AM (IST) on Monday, several stocks in the auto sector have experienced gains. Eicher Motors Ltd., Hero MotoCorp Ltd., Balkrishna Industries Ltd., Bajaj Auto Ltd., and Sona BLW Precision Forgings Ltd. are among the top gainers.
Top Losers and Current Status of the Nifty Auto Index
Tata Motors Ltd. is currently the top loser on the Nifty Auto index, experiencing a decline of 0.03%. However, despite this, the overall index has seen a positive growth of 0.61%, reaching 16,143.15 at the time of writing.
In comparison, the benchmark NSE Nifty50 index has gained 125.45 points, reaching 19,356.05, while the BSE Sensex has seen a rise of 405.01 points, reaching 64,768.79.
Stocks Performance in the Nifty Index
Out of the 50 stocks listed in the Nifty index, an impressive 47 are currently trading in the green zone, indicating their positive performance. On the other hand, only 3 stocks are experiencing a decline.
Amongst the most traded shares on the NSE are JP Power, Reliance Power, YES Bank, Vodafone Idea, and Zomato.
52-Week Highs and Lows
During today’s trade session, certain stocks have reached their fresh 52-week highs. These include IFGL Refractories, JP Power, Industrial Invst, Hitech Corporation, and Hind Rectifiers. However, Blue Coast Hotel, Sheetal Cool, Penta Gold, Compuage Infocom, and Fourth Dimension Sol have hit fresh 52-week lows.
Hot Take: Positive Momentum in the Auto Sector
The Nifty Auto index is displaying positive momentum in an upbeat market. With several top gainers and a majority of stocks trading in the green, it indicates a bullish trend in the auto sector. This positive movement aligns with the overall growth observed in the benchmark indices, NSE Nifty50 and BSE Sensex. As investors, this could be an opportunity to consider investing in the auto industry for potential gains.
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