Auto Stocks Lifting Nifty ; Tata Motors Major Gainer

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Auto Stocks Lifting Nifty :

Auto Stocks Lifting Nifty : As a consequence of mixed trading in global markets, the Indian benchmark indices opened at record highs on Wednesday, as Sensex crossed 60,600 and Nifty, 18,050.

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As the market opened on Wednesday, Sensex opened 335 points (0.56%) higher at 60,619, while Nifty opened at 88 points or 0.49% higher at 18,080.

The international research firm MSCI’s broadest index of Asia-Pacific shares grew by 0.1% in early trading and global worries about rallying power prices leading to inflation, gave rise to expectations of the U.S. lowering its ‘emergency bond-buying programme.

Auto Stocks Lifting Nifty ; Indian bourses, both the midcap and small-cap market indices rose by over 0.5%, maintaining the momentum.

While the Nifty Auto index shot up by around 4% today, Nifty Metal and S&P BSE Power indices are also up by around 1.5%. Furthermore, IT companies also toggled in green.

The stocks that emerged as the top gainers on Nifty50 were Tata Motors (NS:TAMO), M&M (NS:MAHM), Titan (NS:TITN), Adani (NS:APSE) Ports, and Hero MotoCorp (NS:HROM), with Tata Motors trading +18%after the company announced that $1 billion from TPG Rise Climate for its passenger electric vehicle business.

Among the top losers were Tata Steel (NS:TISC), ONGC (NS:ONGC), Eicher Motors (NS:EICH), Maruti (NS:MRTI), and Hindalco.

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