Nifty Auto index faces worst week in six years
after close1 source ↓written by the desknot a recommendation
- index
- 10% this week
The Nifty Auto index is down 10% this week, marking its worst performance in six years, with all constituent stocks trading lower. This decline is attributed to rising crude prices and geopolitical tensions in West Asia, which pose risks of production disruption and cost inflation. Traders should brace for continued volatility in the sector.
• Rupee hits a record low against the dollar
• Ongoing geopolitical tensions add to market pressures
• Potential for further declines in auto stocks
Not investment advice. For informational purposes only.