1. Index Performance Overview
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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).
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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
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Aug 11 closing: ₹653.75 (+3.16% intraday).
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Aug 14 closing: ₹664.55.
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Weekly change: +₹10.80 — ~+1.65%.
Exide Industries
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Aug 11 closing: ₹377.55 (Investing.com shows ₹377.65).
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Aug 14 closing: ₹374.25.
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Weekly change: –₹3.30 — ~–0.87%.
Bajaj Auto
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Aug 11 closing: ₹8,275.00 (+0.62%).
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Aug 14 closing: ₹8,240.00.
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Weekly change: –₹35.00 — ~–0.42%.
Additional key EV-related names:
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Mahindra & Mahindra, TVS Motor, Amara Raja, BEL, Himadri, etc., are widely recognised as EV ecosystem players.
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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
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The week began positively with Tata Motors boosting indices post-earnings, helping break a six-week losing streak.
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EV optimism continued, supported by discussions around GST cuts and FP rating upgrades, lifting auto demand sentiment.
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However, the broader Nifty 50 remained under pressure, with deeply oversold indicators lingering.
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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 |
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Gainers | Tata Motors | +1.65% |
– | Possibly Ola Electric (outside main window) | +14% (Aug 20) |
Losers | Exide Industries | –0.87% |
– | Bajaj Auto | –0.42% |