1. Index Performance Overview

  • Nifty 50 ended the week with a minor decline overall, breaking critical support at ~24,500 and showing deeply oversold technical indicators (+/-0.95% drop).

  • Nifty Auto and broader auto-related indices saw gains, with Nifty Auto contributing to an overall ~1% weekly gain lifted by hopes of GST revisions and sovereign rating upgrades.

2. EV-Related Stocks: Price Summary & Weekly Change

Tata Motors

  • Aug 11 closing: ₹653.75 (+3.16% intraday).

  • Aug 14 closing: ₹664.55.

  • Weekly change: +₹10.80 — ~+1.65%.

Exide Industries

  • Aug 11 closing: ₹377.55 (Investing.com shows ₹377.65).

  • Aug 14 closing: ₹374.25.

  • Weekly change: –₹3.30 — ~–0.87%.

Bajaj Auto

  • Aug 11 closing: ₹8,275.00 (+0.62%).

  • Aug 14 closing: ₹8,240.00.

  • Weekly change: –₹35.00 — ~–0.42%.

Additional key EV-related names:

  • Mahindra & Mahindra, TVS Motor, Amara Raja, BEL, Himadri, etc., are widely recognised as EV ecosystem players.

  • Ola Electric shares surged post-weekend due to strong block-deal activity (+14% on Aug 20, though slightly outside our exact timeframe).

3. Market Sentiment & News Highlights

  • The week began positively with Tata Motors boosting indices post-earnings, helping break a six-week losing streak.

  • EV optimism continued, supported by discussions around GST cuts and FP rating upgrades, lifting auto demand sentiment.

  • However, the broader Nifty 50 remained under pressure, with deeply oversold indicators lingering.

  • EV sector outlook remains mixed: while subsidised four-wheeler demand sees a drag due to subsidy withdrawal, scooters and two-wheelers continue strong growth.

4. Top 3 Gainers & Losers (EV-Related in Week)

Rank Company Weekly % Change
Gainers Tata Motors +1.65%
Possibly Ola Electric (outside main window) +14% (Aug 20)
Losers Exide Industries –0.87%
Bajaj Auto –0.42%