No Major Gains Yet

India’s automotive sector exhibited healthy growth in sales, touching record levels in August on a YoY basis as the semiconductors issue eased further, thus assisting companies to step up production ahead of the major festive season

During the fortnight, domestic frontline equity indices Nifty 50 and Sensex ended on a flat note with paltry gains of 0.28 per cent and 0.05 per cent, respectively. The BSE Mid-Cap and Small-Cap indices significantly outperformed the broader markets by recording impressive gains of 3.86 per cent and 3.43 per cent, respectively. According to the data recently released by the National Statistical Office (NSO), the Indian economy achieved its fastest annual expansion in a year during the April-June quarter on account of better performance by the agriculture and services sectors.