Foreign investors have ramped up their investments in the Indian auto sector, buoyed by strong earnings and improved cost management. In July, the sector’s weightage in FPI portfolios reached a peak of 8.10%. Projections estimate an earnings growth of 15-18% this fiscal year, enhancing the sector’s appeal amidst higher overall market valuations.
Dharmesh Shah sees strong support at 25,500–25,700; expects Nifty to rebound towards 26,100 soon
Indian markets saw pressure with Nifty dipping below key support. Analysts believe this is a healthy correction within a bull trend. Nifty is expected to