iThe current values are delayed, open demat account for live values.
Nifty Auto
Nifty Auto Performance
-
Open
25,437.80
-
High
25,774.70
-
Low
25,347.35
-
Prev Close
25,393.20
-
Dividend Yeild
0.97%
-
P/E
24.91
Nifty Auto Chart
![loader](https://images.5paisa.com/charts/img/loaderFiveP.gif)
![](https://storage.googleapis.com/5paisa-prod-storage/20-05-2022/5paisa-icon.png)
Color code for Stocks Performance
- 5% and above
- 5% to 2%
- 2% to 0.5%
- 0.5% to -0.5%
- -0.5% to -2%
- -2% to -5%
- -5% and below
Constituent Companies
Company | Market Cap | Market Price | Volume | Sector |
---|---|---|---|---|
Apollo Tyres Ltd | ₹30253 Cr |
₹476.45
(1.26%)
|
2804960 | Tyres |
Ashok Leyland Ltd | ₹70401 Cr |
₹239.84
(2.06%)
|
19759419 | Automobile |
Balkrishna Industries Ltd | ₹62622 Cr |
₹3245
(0.49%)
|
410227 | Tyres |
Bharat Forge Ltd | ₹79946 Cr |
₹1717.3
(0.52%)
|
1683964 | Castings, Forgings & Fastners |
Exide Industries Ltd | ₹46087 Cr |
₹542.25
(0.37%)
|
11539055 | Auto Ancillaries |
Nifty Auto Sector Performance
Top Performing
Sector Name | Percentage Change |
---|---|
Diamond, Gems and Jewellery | 0.48 |
IT - Hardware | 1.1 |
Leather | 1.55 |
Ceramic Products | 0.02 |
Under Performing
Sector Name | Percentage Change |
---|---|
Banks | -0.01 |
Stock/ Commodity Brokers | -0.31 |
Quick Service Restaurant | -0.17 |
Oil Drill/Allied | -1.73 |
NIFTY Auto
Not only does the Indian automobile industry make a significant contribution to the GDP, but it also creates a significant amount of jobs. Because the industry plays such a significant role, it is vital to establish a benchmarking tool capable of assessing its overall performance and each of its individual components.
And the Nifty Auto Index is specifically designed for that purpose.
The NIFTY Auto Index is created to highlight the actions and results of the stock market's automotive market. There are 15 exchange-listed, marketable firms that make up the NIFTY Auto Index.
The equities of firms involved in the automobile industry are represented in this index. This comprises carmakers and related businesses like parts and tire producers. The Nifty Auto sectors index is relatively narrow because the auto sector is a fairly close-knit group in and of itself.
NIFTY Auto Scrip Selection Criteria
● A company must be among the top 500 firms by median free-float market capitalization and six-month total revenue.
● The company's trading regularity in the previous six months must have been at least 90%.
The business needs to have disclosed a growing total value.
● The company must have a six-month listing record. If a firm launches an IPO and meets the standard eligibility requirements for the indices for a 3-month term rather than a 6-month timeframe, it will qualify for incorporation in the index.
● Depending on the companies' free-float market capitalization, the final choice of 15 companies will be made.
● The evaluation will occur every two years.
Other Indices
Indices Name | Price | Price Change (% change) |
---|---|---|
India VIX | 12.8225 | -0.67 (-4.95%) |
Nifty 10 Yr Benchmark G-Sec | 2329.82 | 1.7 (0.07%) |
Nifty 10 Yr Benchmark G-Sec (Clean Price) | 879.5 | 0.48 (0.05%) |
Nifty 100 | 24571.65 | 122.15 (0.5%) |
Nifty 100 Equal Weight | 32546.1 | 279.25 (0.87%) |
Faqs
Should I start investing in the automobile sector?
Thanks to several reasons, such as increased expendable cash, robust demand for automobiles, and an expanding government emphasis on building infrastructure, the automotive industry is anticipated to increase at a CAGR Rate of 7% over the upcoming years.
Can I buy the Nifty auto index?
For a dedicated line into a long-term investment in the automotive index, you must participate in the Nifty auto index through the Nippon India ETF Nifty BeES. Sadly, there aren't any alternative index funds or exchange-traded funds (ETFs) that are auto-index-focused.
Why is the automotive sector surging high?
A computer chip scarcity that started during the epidemic is partly to blame for the subsequent increase in car prices. Car manufacturers decreased their semiconductor orders as individuals spent little time traveling and more hours at home, which caused a subsequent reduction in chip manufacturing.
What do you mean by Nifty Auto index trading?
The Nifty Auto Index trading isn't possible, in contrast to the remaining two indexes you've seen in previous sections. The NSE hasn't quite introduced any financial derivatives using the Nifty Auto index as that of the asset class, which is the simple reason for this.
While this could give the impression that there's minimal need for Nifty Auto Index, keep in mind that investment managers frequently use the indicator to compare the results of their funds to that of the index.
What are the major stocks available in NIFTY Auto?
A few companies whose stocks are available in this NIFTY Auto category are Ashok Leyland
Balkrishna Industries, Bosch, Exide Industries, MRF, Maruti Suzuki India, TVS Motor Company, Amara Raja Batteries, Bajaj Auto, Bharat Forge, Eicher Motors, Hero MotoCorp, Mahindra & Mahindra, Motherson Sumi Systems, and Tata Motors.4
Is it okay to purchase Nifty intraday?
On an intraday level, you will trade the Nifty or stock options. In this, a trader must start the day with an open position and cancel it before the market closes. The steps you must take to execute an intraday transaction are similar to those required to complete a futures trade.
Latest News
![GP Eco Solutions IPO Subscription Status](https://storage.googleapis.com/5paisa-prod-storage/files/2024-06/gp-eco-solutions-ipo-subscription-status.jpeg)
- Jun 14, 2024
GP Eco Solutions IPO Subscription Status on Day-1 As of 5.10 pm on 14th June 2024, out of the 20.652 lakh shares on offer in the IPO (excluding the market maker portion and the anchor allocation done), GP Eco Solutions India (GPES Solar) saw bids for 1,233.55 lakh shares. This implies an overall subscription of 59.73X at a macro level at the close of Day-1 of the IPO.
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- Jun 14, 2024
According to sources, the market regulator is taking several measures to lessen the impact of private equity (PE) investors on the pricing of public issues for their portfolio companies.
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- Jun 14, 2024
The Indian division of South Korean automotive giant Hyundai Motor Co, known as Hyundai Motor India Limited, is preparing to submit draft documents to the market regulator Sebi. The aim is to raise approximately $3 billion through an initial public offering (IPO), targeting a valuation between $18 billion and $20 billion, according to several anonymous sources familiar with the matter, as reported by Moneycontrol.
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- Jun 14, 2024
According to Bloomberg data, M&M's market capitalization temporarily surpassed that of Tata Motors, making it India's second most valuable automobile company.
Latest Blogs
Nifty Prediction for 18th June In the week gone by, Nifty registered a new record high of 23490, but it consolidated in a narrow range throughout the week and volatility subsided post the elections results event as traders focused more on stock specific approach. Nifty closed just below 23500 with weekly gains of three-tenths of a percent.
- Jun 14, 2024
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Mutual funds have become an increasingly popular way for Indians to invest and grow their wealth. These investment vehicles offer a convenient and diversified approach to building a portfolio. The Indian Mutual Fund Industry's Average Assets Under Management (AAUM) reached a massive ₹58.60 trillion (₹58.60 lakh crore) in May 2024. This figure indicates the country's immense growth and popularity of mutual funds.
- Jun 14, 2024
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