The Nifty Auto index climbed more than 2% in Thursday morning trade, marking a decisive extension of the broader Indian equity rally.
Major vehicle manufacturers, including Maruti Suzuki, TVS Motor, Ashok Leyland, Mahindra & Mahindra, Hero MotoCorp, and Eicher Motors, all posted gains exceeding 2% each, signaling strong buying interest across the sector.
The Sensex also climbed more than 790 points in that session, driven by broad-based gains that have now clearly encompassed the automotive industry.
This sector-specific strength follows a sharp recovery in Indian benchmarks on Wednesday, when the Nifty 50 surged past the 24,000 level after slipping below it the previous day.
The Sensex also climbed more than 790 points in that session, driven by broad-based gains that have now clearly encompassed the automotive industry.
The move suggests that investor confidence is returning to cyclical stocks as the broader market stabilizes.
The auto sector's participation in the rally indicates that the recent market recovery is not limited to defensive or large-cap tech names but is spreading to consumer-facing industries.