Nifty Auto Hits Record High, Nifty Metal Gains Steadily

India’s equity markets witnessed strong sectoral moves on Monday, with autos leading the charge. The Nifty Auto Index climbed to a record high, driven by robust monthly sales, festive demand, and optimism around electric vehicle adoption. The Nifty Metal Index also advanced, supported by stable commodity prices and industrial activity.  

Key highlights from the announcement include  

• Nifty Auto Index rose as much as 1.08% intraday, closing 0.8% higher at 28,010.10.  
• The rally was fueled by strong sales figures from Maruti Suzuki, Tata Motors, and Mahindra & Mahindra.  
• Festive season demand and expanding SUV and EV portfolios boosted investor sentiment.  
• Nifty Metal Index gained 0.6%, reflecting resilience in steel and aluminum demand.  
• Industrial activity and infrastructure projects continue to support metal sector growth.  
• Analysts note that auto stocks are benefiting from both domestic demand and export momentum.  
• Metals remain steady amid global commodity price stability and government-led infrastructure push.  

The performance highlights sectoral strength in India’s markets, with autos achieving record highs and metals maintaining steady growth. Investors remain optimistic about sustained demand across both sectors, reinforcing confidence in India’s broader economic outlook.  

Sources: Reuters, Economic Times, Business Standard