Nifty At 10 Week High: Are Indian Markets Turning Around? | Govindraj Ethiraj | The Core Report

On Episode 920 of The Core Report, financial journalist Govindraj Ethiraj talks to C S Vigneshwar, President at the Federation of Automobile Dealers Associations, on India’s record June auto sales, EV, CNG and hybrid demand, and the E20 blended fuel controversy. SHOW NOTES: (00:00) Stories of the Day (00:50) All Eyes On Q1 Results To Provide The Next Booster Shot To The Markets (03:50) The Statistical Argument For India’s Market Recovery Versus Other Emerging Markets (06:08) India’s Auto Sales Clock Record June Even As Dealers Tackle E20 Fuel Controversy (19:35) Etihad And Saudia Eye Boeing And Airbus Slots As Air India May Postpone Purchases Markets, Oil, Q1 and Recovery: Foreign portfolio investors have begun buying again in small numbers, raising the question of whether this is the start of a longer market recovery or only a brief move. Bonds and fixed income instruments have seen strong activity, with global funds buying index-eligible Indian bonds for 21 straight sessions, the longest such streak in at least two years. Morgan Stanley says the coming Q1 results season could offer useful signals, with possible upside surprises supported by strong high-frequency indicators. The next leg of the Indian stock market rally may depend on Q1 earnings and the monsoon. It favours domestic cyclicals such as financials, consumer discretionary and industrials, while IT services may emerge as a dark horse as global AI demand rises. The Sensex rose 521 points to 78,285 and the Nifty 50 gained 159 points to 24,430, closing at a 10-week high. HDFC Bank and Axis Bank gained after strong quarterly business updates, helping lift market sentiment. Oil prices softened after OPEC Plus agreed to raise output from August. India’s valuation premium over emerging markets has also compressed sharply, raising hopes of a possible trend reversal in Indian equities. Mumbai Monsoon Mayhem: Heavy rain continued to disrupt Mumbai, affecting flights, roads and rail routes. Several flights were diverted, the Mumbai-Pune expressway was hit by landslides, and at least six people were killed after buildings collapsed in the eastern suburbs. What Are The Current Trends In Auto Sales? India’s auto sector continues to run on high gear. Overall vehicle sales rose nearly 22 percent to a record 2.6 million units in June 2026, while passenger vehicle sales rose almost 29 percent. Alternative fuel vehicles, including EV, CNG and hybrids, touched a record 40.35 percent share of passenger vehicle retail sales. C S Vigneshwar says India’s auto growth remains strong, supported by the economy, consumer demand and macro fundamentals. Two-wheelers, passenger vehicles, commercial vehicles and three-wheelers all recorded their best June, while tractor sales reflected rural confidence. He says India still has a long runway for vehicle ownership growth, with new models, lower prices and stronger demand supporting the sector. On the E20 fuel controversy, Vigneshwar says FADA has not seen evidence from dealerships suggesting material engine damage due to ethanol-blended fuel. He says dealers rely on the government, oil marketing companies and OEMs for technical assurance, while acknowledging that fuel efficiency may see some impact. Why Has Air India Reduced Their Aircraft Orders? Air India may defer some Airbus and Boeing aircraft deliveries as operational and financial pressures rise. Bloomberg reports that Etihad and Saudia are looking at delivery slots that may become available, though Air India says its fleet modernisation programme remains on track. Is Nifty at a 10 week high a sign Indian markets are turning around, and what do record India auto sales say about EVs, CNG and hybrids? Govindraj Ethiraj breaks down Q1 results, FADA data, the E20 blended fuel controversy and Air India aircraft orders on The Core Report. #Nifty50 #IndianStockMarket #IndiaAutoSales #EVIndia #TheCoreReport #TheCore Join The Core Insider to get access to perks:    / @thecore_in   Listeners! We await your feedback: https://tinyurl.com/TCR-Listener-Survey The Core & The Core Report is ad supported & FREE for all readers & listeners. Write in to [email protected] for sponsorships & brand studio requirements. For more of our coverage check out thecore.in (https://www.thecore.in/) Support the Core Report (https://tinyurl.com/Support-the-Core-...) Join & Interact anonymously on our WhatsApp channel (https://tinyurl.com/The-Core-WhatsApp...) Subscribe to our Newsletter (https://www.thecore.in/newsletters/th...) Follow Us on Social Media for More Updates: Twitter (  / the_core_in  ) Instagram (  / the.core.in  ) Facebook (  / thecore.biz  ) Linkedin (  / thecore-in  ) Youtube (   / @thecore_in  )