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Nifty Auto At All-Time High: Due to the tremendous speed of auto stocks, today again an index in the market has reached its all-time high. Due to the spectacular increase in the volume of shares of auto companies every month, this excellent level has been seen. Today Nifty Auto has crossed the level of 14500 for the first time and it has reached its all-time high level. At this time, business has been seen in Nifty Auto with a jump of 1.4 percent.
Why did Nifty Auto rise sharply?
Nifty Auto touched all-time high today on strong monthly sales figures and improving semiconductor chip shortage situation. Today Nifty Auto has touched intraday high level of 14,584.50 and with seeing this level, Nifty Auto has also crossed 14500 level for the first time.
The effect of market speed also showed
Today the domestic stock markets are also showing tremendous growth and auto stocks have a big contribution in raising it. At the same time, if we look at Nifty, it is trading at the level of 18613. At the same time, the Sensex has climbed more than 300 points and is currently trading at the level of 62,850.57.
Who is behind the strong rally in the auto index
This boom is coming in the auto sector because the volumes are continuously becoming high and the inflation rate of the commodity has come down. Apart from this, the concerns of production are gradually going away. It has not only supported the Auto Index which was the worst performing index in FY2022, but has also made it the best performing index in FY2023.
Which auto stocks have the highest jump
The most Mahindra & Mahindra (M&M) The stock is trading with a gain of 3.48 per cent. Ashok Leyland 1.95 per cent and Bharat Forge It is doing business with a strong growth of 1.91 per cent. Tata Motors is seeing a strength of 1.80 per cent and Maruti It is doing business by climbing 1.36 percent. Out of Nifty Auto shares, trading is going on today with a rise in 12 shares and a decline in 3 shares. Auto shares are witnessing a volume of 2,64,05,422 today which is a strong sign of bullish momentum for auto shares.
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