India has a diversified financial sector undergoing rapid expansion both in terms of strong growth of existing financial services firms and new entities entering the market. 

As per the Reserve Bank of India (RBI), India’s banking sector is sufficiently capitalised and well-regulated. The financial and economic conditions in the country are far superior to any other country in the world. 

On April 28, 2023, at the closing bell, the frontline indices ended the day in green with BSE Sensex Index up by 0.76 per cent at 61,112.44.

In 2021, the Indian appliances and consumer electronics industry stood at USD 9.84 billion and is expected to double these figures to reach USD 21.18 billion by 2025. 

The oil and gas sector is among the eight core industries in India and plays a major role in influencing the decision-making for all the other important sections of the economy. 

Nifty auto index is considered one of the major sectoral indices on NSE. The Index is primarily used to gauge the performance in the automobile sector in India.   

Like NIFTY 50 Index, the NIFTY Auto Index is also calculated using the free float market capitalization method. The index level reflects the total free float market value of all stocks in the index relative to a particular base market capitalization value.