FPIs sold relatively lesser stake in sectors including consumer discretionary and staples, which will be most impacted by the liquidity crunch triggered by currency replacement.
In a recent meet with analysts, the BEML management, however, sounded upbeat on all the business segments for the next fiscal year.
The two carmakers hiking prices to offset a dent on margin from higher raw material cost, steep discounts in the past few months and a weakened rupee that made imported parts more expensive.
Maruti is estimated to produce 15.2-15.5 lakh passenger vehicles in 2016, almost double the expected production of 7.65-7.75 lakh units by Suzuki in Japan.
Higher crude prices will result in higher forex inflows in these countries, and in turn spur spending in them, which would boost exports for these firms.
According to Bloomberg data, the Nifty returns had a correlation of 0.25 with crude price over the past 10 years based on the 20-day correlation analysis.
Since nearly half of the demand of two-wheelers originates from the replacement market, their volumes are expected to revive faster.
Analysts reckon that the company will be able to grow its market share further. Owing to the stricter emission norms, the share of petrol vehicles in total car sales is expected to pick up.
Bharat Forge has shown recovery in the past 4 years by increasing exposure to non-auto businesses. It particularly benefited from supplying equipment for shale oil drilling.
Bosch's technological advantage in delivering efficient engines will help it maintain an edge over rivals.
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