The Nifty Auto Index Closes Higher, Hero MotoCorp and Mahindra & Mahindra Among Top Gainers
The Nifty Auto index ended the day on a positive note, with several stocks in the sector experiencing gains. Hero MotoCorp Ltd., Mahindra & Mahindra Ltd., Samvardhana Motherson International Ltd., TVS Motor Company Ltd., and Tata Motors Ltd. were among the top gainers. On the other hand, Balkrishna Industries Ltd., Sona BLW Precision Forgings Ltd., and Eicher Motors Ltd. were the top losers.
The Nifty Auto index closed 1.63% higher at 17482.45, while the benchmark NSE Nifty50 index ended up 206.9 points at 20096.6 and the BSE Sensex stood up 727.71 points at 66901.91. Out of the 50 stocks in the Nifty index, 40 closed in the green, while 9 closed in the red.
Most Traded and Fresh Highs/Lows
Shares of Indian Renewable, JP Power, Vodafone Idea, Reliance Power, and Suzlon Energy were among the most traded shares on the NSE. Additionally, Aster DM Health, Shradha Infraproject, Marksans Pharma, Torrent Power, and Minda Corp. hit their fresh 52-week highs. Conversely, Bohra Industries, Karda Const, Fourth Dimension Sol, Raj Rayon, and SEL Manufact hit their fresh 52-week lows.
Hot Take: Positive Momentum for Nifty Auto Index
The Nifty Auto index showed strong positive momentum as it closed higher with several stocks experiencing gains in the sector. Hero MotoCorp and Mahindra & Mahindra were among the top gainers, contributing to the overall positive performance of the index. This indicates a potentially favorable outlook for the automotive industry in the market. However, it is important to keep an eye on the performance of individual stocks and monitor any potential shifts in the market.
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