Indian equity benchmarks traded in a narrow range on Tuesday, as fragile investor sentiment stemming from escalating tensions in West Asia offset domestic corporate strength.
While the broader market remained cautious, select sectors demonstrated resilience, with the auto industry emerging as a clear outperformer amid the mixed macro backdrop.
63 million units, representing a 28% year-on-year increase fueled by robust export demand and continued domestic growth.
The Nifty Auto index climbed more than 2% in morning trade, marking a decisive extension of the broader Indian equity rally.
The sector's strength was anchored by TVS Motor, which reported its highest-ever quarterly sales in the June quarter (Q1FY27).
The two-wheeler and three-wheeler manufacturer delivered 1.63 million units, representing a 28% year-on-year increase fueled by robust export demand and continued domestic growth.
This performance contrasts with the cautious tone in wider indices, where investors weighed the potential for supply chain disruptions or energy price spikes against solid corporate fundamentals.