Market Summary: Nifty 50 & Nifty Auto
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Nifty 50 closed the week at ~24,830, down ~0.53% over the week
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Nifty Auto slipped from ~23,877 on July 21 to ~23,781 on July 25 – roughly a –0.4% weekly change
EV Sector: Weekly Stock Highlights
Note: Weekly % change is approximate based on daily swings; ₹‑change uses Friday close vs. Monday open when available.
| Company | Sector | Weekly Δ% | Change in ₹ | News / Sentiment Highlights |
|---|---|---|---|---|
| Tata Motors (incl. EV) | OEM | –1 % to –2 % | ~–₹3–4 | Weak overall auto demand; market cautious ahead of broader earnings environment |
| Mahindra & Mahindra (EV arm) | OEM / EV | –0.43 % | –₹14 to ₹3,246.50 | Outperformed broader peers despite a weak market; near 52‑week high on July 23 |
| Ola Electric | EV OEM | small ≈ +/– | nominal | Coming into focus as investors await Q1 results and strategic updates |
| Exide Industries | Battery / Ancillaries | modest gain | few ₹ | Under the government PLI scheme, support for ACC batteries, seen as a beneficiary |
| Servotech | Charging infra components | modest gain | few ₹ | Charging component demand steady; capacity build-up ongoing |
Top EV‑Space Movers (July 21 – 25)
Gainers
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Exide Industries – Benefiting from policy tailwinds (PLI for ACC batteries).
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Servotech Power Systems – On track with expansion in charging components for the EV ecosystem.
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Ola Electric – Slight uptick into the spotlight ahead of Q1 earnings and strategic updates.
Losers
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Mahindra & Mahindra – Modest decline but still better than broader autos.
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Tata Motors – Dragged by weak consumer demand and broader market caution.
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Other EV OEMs (e.g., smaller electric startup stocks) are likely to experience flat or marginal declines.
Market Sentiment & News Highlights
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Equity Sentiment: Broader market turned cautious; Nifty 50 posted its fourth consecutive weekly decline (–0.5%).
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FPI Activity: Foreign portfolio investors net‑sold roughly US$113 mn into equities during the week, adding to downside pressure.
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Global Influence: The weakness of auto and energy stocks contributed to benchmarks falling on July 25; sentiment was dampened ahead of trade-deal clarity.
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Policy & Earnings Tailwinds: Government incentives, such as PLI for ACC manufacturing and green energy support, are seen as medium-term positives for battery players and EV infrastructure firms.
Comparative Snapshot
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Most EV/EV‑related firms performed better than auto giants but still saw limited movement.
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Mahindra & Tata experienced modest declines, clustered around broader auto sector weakness.
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Battery & infra firms demonstrated resilience, buoyed by policy support.
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Nifty Auto underperformed slightly less than Nifty 50, reflecting relative strength in auto‑ancillary and EV supplier stocks.
