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Auto Stocks Outlook For The Week - 01 To 05.10.2018

Auto Stocks Outlook For The Week - 01 To 05.10.2018

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             Equity Cash/Futures/Options Segment 

Next week, the movement of automobile stocks will depend on the sales of these companies in
September, data for which is expected on expect Monday. As sales of automobile companies in
September are expected to have taken a hit due to floods in Karanataka, Kerala, Himachal Pradesh and Assam, shares of companies in the sector are expected to see further correction. Automobile stocks saw intense selling pressure this week, with shares of two wheeler companies recording correction. The Nifty Auto index fell more than 7.9% this week. Markets will be shut on Tuesday on account of Mahatma Gandhi Jayanti. The rupee's movement against the dollar and trends in the broader market will also be closely watched.

Source : Cogencis Information Services Ltd.

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