MRF, TVS Motor, Tata Motors, Maruti, Mahindra & Mahindra and Ashok Leyland from the Nifty Auto index have witnessed a 'Golden Crossover' in recent months; here's a detailed outlook.
The majority of sectors, barring Nifty Auto and Consumer Durables, were trading lower on Wednesday
Auto stocks fell in trade on Friday with Nifty Auto plunging over 2 per cent as US President Donald Trump warns to hike auto tariffs
The BSE Sensex fell as much as 1.06 per cent or 869.52 points to 80,727.11. Similarly, the NSE Nifty50 dropped 1.09 per cent or 361.85 points to 24,541.60.
Nifty Auto emerged as top sectoral laggard, down 2.17 per cent, due to heavyweights like Hero MotoCorp, Bajaj Auto, Maruti Suzuki, TVS Motor, Eicher Motor, and Bharat Forge falling over 2 per cent eac
On Wednesday, the BSE Sensex closed at 80,746.78, up 105.71 points or 0.13 per cent from its previous close, and 809.3 points or 1.01 per cent higher from its intra-day low of 79,937.48
Production will be temporarily paused from April 17 to April 19 at four manufacturing plants
The Nifty Auto index, which tracks the performance of auto stocks, dropped 1.46 per cent, to hit an intraday low of 21,095 points.
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Analysts recommend placing bets on rate-sensitives, hospitals, and power utility stocks
The fall in auto stocks came after the US President Donald Trump, on Wednesday, announced that he would impose a 25% tariff on all cars imported into the US that are not manufactured domestically
Technical charts suggest that the Nifty Auto index can potentially rise up to 11 per cent; Tata Motors which is oversold can bounce back up to 24 per cent from present levels. M&M, however, looks weak
Barring tractors, wholesale volume performance during February 2025 was muted across most segments
Trump tariff news, Tesla India: US President Donald Trump said he would levy around 25-per cent import tariffs on automobiles, starting April 2, 2025
The Union Government has raised the income tax exemption limit to Rs 12 lakh per annum under the New Tax Regime, Finance Minister Nirmala Sitharaman said while presenting the Budget 2025
Bharat Mobility Expo 2025, Auto Expo 2025: Analysts believe the automobile vehicle demand has been impacted by higher inflation and interest rates
The Nifty IT Index is exhibiting a clear bearish trend in the near term, prompting traders to adopt a cautious stance
Stock Market Today: The Nifty IT Index today is exhibiting a bearish trend in the near-term with charts signaling further downside potential
Nuvama analysts said December is expected to bring encouraging results for the industry. PVs are predicted to achieve double-digit growth, propelled by strong performances from M&M, Maruti & Toyota