Nifty Auto index faces worst week in six years
pre-market1 source ↓written by the desknot a recommendation
- this week
- 10%
The Nifty Auto index is down 10% this week, marking its worst performance in six years. All stocks within the index are trading in the red as rising crude prices and geopolitical tensions raise concerns over production disruptions and cost inflation. This downturn reflects significant pressures on the auto sector amid broader market challenges.
• Rupee hits a record low against the dollar
• Ongoing geopolitical tensions in West Asia
• Rising commodity prices impacting production costs
Not investment advice. For informational purposes only.