The auto sector has caught the fancy of investors over the past few months thanks to strong volume visibility for passenger vehicles, a spate of new launches, and value unlocking from monetization of the electric vehicle (EV) subsidiaries.
Nifty is poised for an upward movement towards the 25,300-25,500 range, fueled by the RBI’s rate cut. Experts suggest a ‘buy on dips’ strategy, anticipating
Morgan Stanley’s Gokul Laroia believes Indian market recovery hinges on government spending and rural demand revival. He anticipates continued US dollar weakening. Laroia notes global
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