- SPOT
Pivot Levels
| Type | Classic | Fibonacci |
|---|---|---|
| R1 | 23,605.65 | 23,533.91 |
| R2 | 23,751.35 | 23,616.94 |
| R3 | 23,957.5 | 23,751.35 |
| PP | 23,399.5 | 23,399.5 |
| S1 | 23,605.65 | 23,533.91 |
| S2 | 23,047.65 | 23,182.06 |
| S3 | 22,901.95 | 23,047.65 |
FAQs
What is the Nifty Auto Index?
The Nifty Auto Index is designed to track the performance of the automobile sector listed on the National Stock Exchange (NSE) of India. This index includes companies involved in the manufacturing of automobiles, auto components, and ancillary products. Investing in the Nifty Auto Index provides exposure to leading companies within the Indian automotive industry, which plays a crucial role in the country's economic growth. This index is ideal for investors interested in the automotive sector, offering insights into the performance of major players in this industry.
How many companies are part of the Nifty Auto Index?
The Nifty Auto Index includes a selection of 16 companies that are leaders in the automotive sector. Notable companies in the index include Maruti Suzuki India Ltd, Tata Motors Ltd, Mahindra & Mahindra Ltd, Hero MotoCorp Ltd, and Bajaj Auto Ltd. These companies are chosen based on their market capitalisation and significance within the sector. The index is reviewed periodically to ensure it accurately reflects the current market conditions and the performance of auto stocks. Each constituent's weightage is determined by its free float market capitalisation, providing a comprehensive view of the automotive sector's performance in India.