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Auto Stocks Lifting Nifty Today; Tata Motors Major Gainer – India

By Malvika Gurung — As a consequence of mixed trading in global markets, the Indian benchmark indices opened at record highs on Wednesday, as Sensex crossed 60,600 and Nifty, 18,050.

As the market opened on Wednesday, Sensex opened 335 points (0.56%) higher at 60,619, while Nifty opened at 88 points or 0.49% higher at 18,080.

The international research firm MSCI’s broadest index of Asia-Pacific shares grew by 0.1% in early trading and global worries about rallying power prices leading to inflation, gave rise to expectations of the U.S. lowering its ‘emergency bond-buying programme.

In Indian bourses, both the midcap and small-cap market indices rose by over 0.5%, maintaining the momentum.

While the index shot up by around 4% today, and indices are also up by around 1.5%. Furthermore, IT companies also toggled in green.

The stocks that emerged as the top gainers on were Tata Motors (NS:), M&M (NS:), Titan (NS:), Adani (NS:) Ports, and Hero MotoCorp (NS:), with Tata Motors trading +18%after the company announced that $1 billion from TPG Rise Climate for its passenger electric vehicle business.

Among the top losers were Tata Steel (NS:), ONGC (NS:), Eicher Motors (NS:), Maruti (NS:), and Hindalco.