Nifty IT & Auto Indices Reach All-Time Records on Robust Domestic Consumption
Passenger vehicle dispatches cross 380,000 monthly units while tech sector valuations find strong support.
Sectoral indices on the National Stock Exchange registered fresh historic highs, spearheaded by Nifty IT and Nifty Auto benchmarks.
Automobile manufacturers reported highest-ever monthly dispatches exceeding 380,000 passenger vehicles, fueled by premium sports utility vehicle demand and festive inventory build-ups. Concurrently, IT services stocks gained on renewed multi-year outsourcing deals.
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Broking houses maintain overweight recommendations across consumer discretionary counters heading into the second half of the fiscal year.
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