When the tailwinds are strong, stock markets rally; when the headwinds are strong, stock markets turn bearish. When tailwinds and headwinds are balanced, markets consolidate waiting for clearer signals. What is the current scenario and where are the markets headed?
Auto sector performs well in 2023 with Nifty Auto index up 24% YTD. Lower input costs and price hikes drive margin expansion. PV/2W/CV segments show growth in FY23. PV industry expected to grow 5-7% in FY24.