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Open₹21,897.95
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Close₹21,812.70
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Day Range₹21,806.15- ₹22,006.25
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Year Range₹22,238.25- ₹13,071.00
Top Indices & Stocks
Nifty 50
₹22,368.00
+0.14%
31.60
Nifty Bank
₹47,970.45
+0.10%
45.55
SENSEX
₹73,738.45
+0.12%
89.83
HDFC BANK LT
₹1,507.60
-0.30%
-4.60
ADANI POWER
₹602.45
+0.93%
5.55
TATA MOTORS
₹986.75
+1.36%
13.20
ADANI GREEN
₹1,816.40
+1.26%
22.65
RAIL VIKAS N
₹277.35
+5.00%
13.20
MRF LTD
₹129,226.70
+0.16%
206.65
RELIANCE IND
₹2,918.65
-1.39%
-41.05
INDIAN RAILW
₹147.75
+2.53%
3.65
YES BANK LIM
₹25.65
+1.79%
0.45
INDIAN OIL C
₹168.10
-1.64%
-2.80
INDIAN RENEW
₹167.95
-1.50%
-2.55
ADANI PORT &
₹1,322.10
+0.08%
1.00
TATA POWER C
₹429.65
+0.40%
1.70
ADANI ENTERP
₹3,065.10
+0.06%
1.75
RELIANCE POW
₹28.00
-0.53%
-0.15
SUZLON ENERG
₹41.85
+2.45%
1.00
ZOMATO LIMIT
₹187.45
-3.05%
-5.90
STATE BANK O
₹773.00
+0.90%
6.90
TATA STEEL L
₹161.15
-0.43%
-0.70
NHPC LTD
₹89.75
+1.36%
1.20
JAIPRAKASH P
₹18.25
+4.89%
0.85
ITC LTD
₹429.20
+0.92%
3.90
VODAFONE IDE
₹14.40
+11.63%
1.50
JIO FIN SERV
₹387.95
+1.37%
5.25
Nifty Auto Share Price
Nifty Auto
₹ 21,914.30
+101.60 (+0.47%)
Financial Performance
Nifty Auto Companies List
Name
Last Price
Change
Open Price
Close Price
ASHOK LEYLAND LTD
₹0
₹0
0
0
₹0
₹0
HERO MOTOCORP LIMITED
₹0
₹0
0
0
₹0
₹0
MAHINDRA & MAHINDRA LTD
₹0
₹0
0
0
₹0
₹0
SAMVRDHNA MTHRSN INTL LTD
₹0
₹0
0
0
₹0
₹0
TATA MOTORS LIMITED
₹0
₹0
0
0
₹0
₹0
TUBE INVEST OF INDIA LTD
₹0
₹0
0
0
₹0
₹0
BOSCH LIMITED
₹0
₹0
0
0
₹0
₹0
BALKRISHNA IND. LTD
₹0
₹0
0
0
₹0
₹0
BHARAT FORGE LTD
₹0
₹0
0
0
₹0
₹0
BAJAJ AUTO LIMITED
₹0
₹0
0
0
₹0
₹0
MARUTI SUZUKI INDIA LTD.
₹0
₹0
0
0
₹0
₹0
EICHER MOTORS LTD
₹0
₹0
0
0
₹0
₹0
MRF LTD
₹0
₹0
0
0
₹0
₹0
TVS MOTOR COMPANY LTD
₹0
₹0
0
0
₹0
₹0
SONA BLW PRECISION FRGS L
₹0
₹0
0
0
₹0
₹0
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Key Indices in NSE
Frequently Asked Questions
What are the indices in Nifty Auto ?
In the world of investments, risk and performance are interdependent. Hence, to know the desirability of a stock, we need to understand and study the risk involved. The Nifty Auto Indices provide us with the benefit of studying the market stocks over a period of time to analyse the performance and risk associated with it. Stock market indices capture the behaviour of the overall Equity market.
All stock prices move for two sole reasons - news about company (closure of factory, product launch and such) or national news (weather, nuclear bombs, budget announcement and more). The indices capture the movements as per these two parameters through averaging. Indices are a source of information through which we can see how the market is faring. Nowadays, indices are all used for index funds and index derivatives. Index funds are those funds passively invest in the index while index derivatives allow altering risk exposure to an index (hedging) and implement forecasts and index movement (speculation). Lastly, indices are a benchmark for performance by fund managers. All equity funds beget returns like the overall index and a 50:50 debt:equity fund begets returns on 50% investment & 50% fixed income.
The Nifty Auto indices are benchmark indices that list Nifty Auto of the biggest companies listed in the NSE out of the total number - 1600 companies that are registered.
All stock prices move for two sole reasons - news about company (closure of factory, product launch and such) or national news (weather, nuclear bombs, budget announcement and more). The indices capture the movements as per these two parameters through averaging. Indices are a source of information through which we can see how the market is faring. Nowadays, indices are all used for index funds and index derivatives. Index funds are those funds passively invest in the index while index derivatives allow altering risk exposure to an index (hedging) and implement forecasts and index movement (speculation). Lastly, indices are a benchmark for performance by fund managers. All equity funds beget returns like the overall index and a 50:50 debt:equity fund begets returns on 50% investment & 50% fixed income.
The Nifty Auto indices are benchmark indices that list Nifty Auto of the biggest companies listed in the NSE out of the total number - 1600 companies that are registered.
Is Nifty Auto a good investment?
The Nifty Auto stocks are some of the top companies in the country, and by buying this, your portfolio looks well rounded as well as you become part owner of fantastic companies! Having said that, the index is just a measurement of the history and current performance of the stock market. While these are top companies, and the chances of their share price rising are good, the risk needs to be studied through the Nifty Auto indices. In the past, the Nifty has seen losses and well as gains, both big. Blindly putting investments on it is never a good idea.
There are many ways to invest in Nifty Auto that include Nifty stocks, futures, options & ETFs. They are known for good returns and being long term investments. Some fund managers like to make a well rounded portfolio and invest in the entire index fund, which means that all the returns earned by the index will be the same as the returns percentage you receive. In an entire index return, the good and bad get cancelled out, making overall gain chances better. For example, there is a fall in the share of one company, but a rise in another, these two will cancel each other out. There exist many index mutual fund investment strategies as well. You cannot buy the entire index directly, but buy each share on the index separately in equal quantities. This promises lower expense ratio and better market returns.
There are many ways to invest in Nifty Auto that include Nifty stocks, futures, options & ETFs. They are known for good returns and being long term investments. Some fund managers like to make a well rounded portfolio and invest in the entire index fund, which means that all the returns earned by the index will be the same as the returns percentage you receive. In an entire index return, the good and bad get cancelled out, making overall gain chances better. For example, there is a fall in the share of one company, but a rise in another, these two will cancel each other out. There exist many index mutual fund investment strategies as well. You cannot buy the entire index directly, but buy each share on the index separately in equal quantities. This promises lower expense ratio and better market returns.
Can I invest in Nifty Auto?
Yes, you can invest in Nifty Auto. As we know now, Nifty Auto is a benchmark of the Indian stock market index. If Nifty Auto is going upwards, the Indian economy is doing well and going upwards too.
You can invest in the Nifty Auto index and earn returns from all stocks. You can do this through the Upstox website or app through:
You can invest in the Nifty Auto index and earn returns from all stocks. You can do this through the Upstox website or app through:
- 1. Spot Trading: This is the most simplest way to invest in Nifty Auto. Through this you can select some Nifty Auto stocks or choose to buy some of them individually and reap benefits individually on each.
- 2. Derivative Trading: Derivatives are financial contracts that obtain their value from an underlying asset. These assets could be indices, stocks, currency or commodities. The involved parties decide on a future date to settle the contract. Speculation is made on the value that the underlying asset will achieve in the future, which is how a profit is attained. In Nifty Auto index, two kinds of derivatives are available:
- a. Nifty Auto Futures: With Nifty Auto futures, the buyer and seller both agree to buy & sell at a predetermined future date. This becomes the basis for the contract, during the period of which the stock can be sold and a profit attained if the price rises. If the price drops, you can wait for the date of settlement.
- b. Nifty Auto Options: With Nifty Auto options, the buyer and seller both agree to buy & sell at a predetermined future date at a price they decide upon in the present. The buyer pays a premium amount and obtains the legal right to buy and sell the stock in the future. This is a right, not a compulsion.
- 3. Index Funds: Index fund is a type of mutual fund designed to provide you with market exposure. In the case of Nifty Auto, a portfolio consisting of all the stocks available in equal quantities. This way, the portfolio earns returns as per the Nifty Auto Index.
Can I check Nifty Auto Share Price Historical data?
Yes, you can check the Nifty Auto’s historical price movements on Upstox. All you have to do is head to the historical data page and fill out Nifty Auto, NSE & if you want daily, monthly, yearly or a particular date. Click enter, and you will see the Nifty Auto Historical Data.
How are indices calculated?
The Nifty Auto indices are calculated as per the float-adjusted and market capitalization method. The aggregate market value of the stocks present in the index for a specific period are demonstrated in the level index. 3rd November 1995 is the base duration for the Nifty Auto index. The best value for the stocks is Rs. 1,000, while the base capital is Rs. 2.06 Trillion.
Formula for Index Value:
Market Capitalisation = Price x Equity Capital
Free Float Market Capitalisation = Price x Equity Capital x Investable Weight Factor
Index Value = Current Market Value / (1,000 x Base Market Capital)
IWF (Investable Weight Factor) is a factor that is used to calculate the number of shares that are available for trading. The value of stock changes on a daily basis which is why the index calculation is made on a real-time basis. This formula determines the value as well as the changes in the corporate procedures like right issues, stock splits, etc.
Formula for Index Value:
Market Capitalisation = Price x Equity Capital
Free Float Market Capitalisation = Price x Equity Capital x Investable Weight Factor
Index Value = Current Market Value / (1,000 x Base Market Capital)
IWF (Investable Weight Factor) is a factor that is used to calculate the number of shares that are available for trading. The value of stock changes on a daily basis which is why the index calculation is made on a real-time basis. This formula determines the value as well as the changes in the corporate procedures like right issues, stock splits, etc.
How many indices are in NSE?
NSE Indices Limited (Formerly India Index Services and Products Limited (IISL)) is a subsidiary of the NSE of India. It provides various different types of Indices. There are mainly three types of stock market indices - Benchmark Indices, Sectoral Indices, Market Cap Based Indices and a few other Indices. In totality, NSE has over 100 Equity Indices.
What is the difference between index and indices?
Index & Indices are the same thing. Index is singular form and Indices is plural form. Indexes is also correct but over time, Indices is the scientific & systematic term used especially in mathematical values and stock exchange.
What are the types of NSE stock indices?
NSE Indices Limited provides various different types of Indices. There are mainly three types of stock market indices - Benchmark Indices, Sectoral Indices, Market Cap Based Indices and a few other Indices.
- 1. Benchmark Indices: Benchmark Indices use the best practice to regulate the companies they pick, making them the best point of reference for the working of the market as well as the Indian economy.
- a. Nifty Auto - A collection of the top performing companies of India.
- b. Sensex - A collection of the top 30 best performing stocks of NSE and BSE Exchange respectively.
- 2. Sectoral Indices: These indices have many good indicators that measure companies in specific sectors. But, both NSE and BSE do not have all sector indices. Some examples of Sectoral indices include NSE Pharma and Nifty PSU Bank.
- 3. Market Cap Based Indices: Indices that select companies based on their market capitalization come under these types of indices. Some examples include NSE small cap 50.
- 4. Other Indices: NSE 100, among others, are larger indices with more stocks listed on them.
Who owns Nifty Auto?
Nifty Auto is a popular stock index that was introduced in 1992, and implemented by 1994 by the National Stock Exchange of India. It is owned and managed by India Index Service & Products Limited (IISL) that is an Indian specialised company that focuses on indices like Index Funds, Index Options & Index Futures.
Can I buy Nifty Auto shares from Upstox?
Yes, you can buy Nifty Auto shares from Upstox by following these steps.
- Step 1: Head to the Upstox website or download the app.
- Step 2: Sign up.
- Step 3: Fill in your KYC/e-KYC and create your Demat account.
- Step 4: Decide how you wish to invest in Nifty Auto - through index funds, Nifty futures, Nifty options or spot trading.
- Step 5: Place your order.
About Nifty Auto
The Nifty Auto Index was launched by the National Stock Exchange (NSE) of India in April 2005. It plays a crucial role in tracing and reflecting the performance of publicly listed automobile companies in India’s stock market.
Calculation of the Index
The calculation of the Nifty Auto Index is done through a weighted average of the stock prices of the companies forming it. The market capitalisation of each company determines the weight assigned to it. This way, the calculation involves the utilisation of the free-float market capitalisation approach. Larger companies carry more influence in determining the movements of the index. The Nifty Auto Index constitutes a total of 15 leading automobile companies, offering a well differentiated representation of the Indian automotive sector.
Stock Selection Criteria
In order to be included in the Nifty Auto Index, securities must meet certain rigorous criteria set by the NSE.
- The companies should be listed on the NSE.
- The companies should belong to the Automobiles sector.
- The company should have a trading frequency of at least 90% in the previous six months.
- The company should have a listing history of at least six months.
Performance of the Index in the Past
Economic cycles, government policies, and market conditions are some factors that have historically led to fluctuations in the Nifty Auto Index. The index showed downward trends during the 2008 global financial crisis and the COVID 19 in March 2020. Despite the setbacks, the index has rebounded.
Due to the cyclical nature of the automotive sector, it often performs well during economic upheaval. This is directly mirrored by the Nifty Auto Index. In 2023, the Nifty Auto index performed better than its peer indices. In 2023, the index jumped 25% YTD which translates to a performance better than both Nifty 50 and Sensex.
Trading in the Index
Direct investment in the Nifty Auto Index is not allowed. It can only be used as a source of information and analysis to make investment/ trading decisions. It’s just a benchmarking tool but not a financial security per se. There are several financial products available in the market that are linked with the Nifty Auto Index. For instance certain mutual fund schemes and ETFs are linked with the Nifty Auto Index.
Bottom Line
Overall, the Nifty Auto index serves as a good guiding light for investors looking to invest in the Indian automotive sector. The index’s varied composition, rigorous selection criteria and the performance trends make it a very handy tool for investors regarding their decisions for automotive picks.