Indian equity benchmarks extended their gains on Thursday, driven by a broad-based rally in the automotive sector.
The Nifty Auto index climbed more than 2% in morning trade, marking a decisive extension of the broader market uptrend.
68%. The auto sector's outperformance was complemented by strength in realty stocks, whereas metal and media shares lagged.
Major vehicle manufacturers, including Maruti Suzuki, TVS Motor, and Ashok Leyland, led the charge, supported by declining crude oil prices and positive global market cues that boosted investor sentiment.
The NSE Nifty 50 rose 0.70%, while the BSE Sensex advanced 0.68%.
The auto sector's outperformance was complemented by strength in realty stocks, whereas metal and media shares lagged.
The rally reflects improved risk appetite among investors, who are responding favorably to the easing energy cost pressures and constructive technical setups in key large-cap names.