Auto shares in fast lane on festive demand; Maruti hits 52-week high on Goldman Sachs buy call

Auto shares in fast lane on festive demand; Maruti hits 52-week high on Goldman Sachs buy call

Shares of Indian automotive companies surged on September 23 as robust demand for two- and four-wheelers boosted the sector, cushioning broader market weakness. The Nifty Auto index rose nearly 1.5 per cent, led by Maruti Suzuki, Eicher Motors, Tata Motors, M&M, and Hero MotoCorp, alongside consumer finance NBFC Bajaj Finance. Top Gainers: Maruti, Tata Motors,…

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Tata Motors, M&M, Ashok Leyland, Bharat Forge lead auto stock rally after GST cut; Nifty Auto index surges 1.5%

Tata Motors, M&M, Ashok Leyland, Bharat Forge lead auto stock rally after GST cut; Nifty Auto index surges 1.5%

Auto stocks rally today: Auto stocks soared on September 8 after several leading automakers announced substantial price cuts, following the GST Council’s decision to reduce taxes on a range of vehicles. The move sparked investor optimism and sent the Nifty Auto index climbing over 1.5 per cent in morning trade, reaching 26,718, making it the…

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Markets continue the winning streak for fourth session; Nifty nears 25,000, Sensex surges over 370 points

Markets continue the winning streak for fourth session; Nifty nears 25,000, Sensex surges over 370 points

Stock Market Closing: Indian equity benchmarks extended their winning streak for the fourth straight session, buoyed by strong gains in Reliance Industries and select auto stocks. The Sensex closed 371 points higher at 81,644.39 (+0.46 per cent), while the Nifty 50 ended just below the 25,000 mark at 24,981, up 104 points (+0.42 per cent). The…

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