Is the auto sector about to make a new high? Know more here!
Is the auto sector about to make a new high? Know more here!

Is the auto sector about to make a new high? Know more here!

Breached the trend of lower top-lower bottom which indicates the end of correction that started from August 2022 and signals the commencement of fresh up move.

Prasad Chavan Article rating: 4.0

Nifty auto index is considered one of the major sectoral indices on NSE. The Index is primarily used to gauge the performance in the automobile sector in India.   

Like NIFTY 50 Index, the NIFTY Auto Index is also calculated using the free float market capitalization method. The index level reflects the total free float market value of all stocks in the index relative to a particular base market capitalization value.  

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