Business Standard

Nifty auto index surges 7% in biggest weekly advance in 17 months

The latest gain comes on the back of easing commodity prices and supply chain issues

automobile
Premium

BS Reporter Mumbai
The Nifty Auto index, a gauge for the performance of automobile and auto ancillary stocks, jumped nearly 7 per cent during the week. This was the biggest weekly advance for the index since January 31, 2021, when it had jumped 9.3 per cent. The latest gain comes on the back of easing commodity prices and supply chain issues.  In a note Morgan Stanley has said the auto industry looks “attractive’’. Volume outlooks across segments are constructive, companies have taken price hikes but cost pressures are easing, as are supply chain issues, it has said. In the past five years, the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in