Auto Sector

Benchmark indices closed in the red with Nifty at 24,044 and Sensex at 77,132, weighed down by global uncertainty, surging oil prices, and foreign investor outflows. While select stocks like Bajaj Auto and Bajaj Finance showed strength, sectors such as metals, PSU banks, and realty faced sharp declines in a risk-off market environment.

Indian markets ended strongly on April 29, 2026, as Nifty reclaimed 24,100 and Sensex surged over 600 points. Auto and FMCG stocks led gains, supported by strong earnings from Maruti Suzuki, ITC, Tech Mahindra, and Coal India, boosting overall market sentiment.

Indian benchmark indices ended slightly lower on April 28, 2026, with Nifty slipping below the 24,000 mark and Sensex falling over 400 points. Banking and IT stocks led the decline after regulatory concerns and weak sentiment, while oil prices surged, pressuring broader markets. Despite selective strength in chemicals and renewable energy stocks, overall market sentiment remained cautious.

After a week packed with major triggers like the Union Budget, the Indo-US trade deal, and the RBI policy, markets now turn to assessing real impact. The coming week will focus on how the trade deal affects exports, imports, currency risks, and overall market direction, along with key inflation and global data cues.

RITES wins $3.6 mn order from Zimbabwe firm for diesel electric locomotives, to be executed in 3 months; stock up 2.45%.

The Hyundai Motor India IPO is an offer for sale, meaning Hyundai Motor Company will be the sole recipient of the funds raised.

As the public issue is solely an OFS, Hyundai Motor India Ltd, which stands as the second largest car manufacturer in India after Maruti Suzuki, will not receive any proceeds from the IPO.

According to Hyundai’s filing, out of the total 4.2 crore shares allocated, 1.46 crore shares were designated for 21 domestic mutual funds across 83 schemes.

Last month, JLR warned that its push towards EVs will cost more than expected, citing sluggish consumer demand.

The company is now venturing into the electric mobility business, with Mehta playing a key role in driving this new phase of expansion.