Market Now: Auto stocks bullish; M&M, Tata Motors rise 2%
The Nifty Auto index was trading in the green zone, backed by the gains in Shares of Mahindra & Mahindra (up 2.01 per cent), Tata Motors (up 1.68 per cent), Tata Motors (up 1.66 per cent), Bosch (up 1.43 per cent), Bharat Forge (up 1.25 per cent) and Eicher Motors (up 1.07 per cent)
The Nifty Auto index was 82 points, or 0.75 per cent up at 11,161 around 11.20 am (IST). Benchmark Nifty50 was 28 points up at 10,196, while Sensex was 75 points up at 32,508 around the same time.
However, some auto stocks, including Amara Raja Batteries BSE -1.07 % (down 0.91 per cent), Exide Industries BSE -0.17 % (down 0.71 per cent), Apollo Tyres BSE 2.01 % (down 0.39 per cent), MRF (down 0.35 per cent), Maruti Suzuki India BSE 0.04 % (down 0.23 per cent) and TVS Motor Company BSE 0.11 % (down 0.14 per cent) were losing in trade.
Equity benchmarks Nifty and Sensex pared some gains as a fresh spell of selling emerged in bank stocks.
IndusInd Bank BSE -1.71 %, Punjab National Bank BSE -1.07 %, Axis Bank BSE -1.79 %, Bank of Baroda BSE -0.61 %, Federal Bank BSE -0.43 % and State Bank of India BSE -0.24 % were trading in the red.
In the Nifty50 index, VedantaBSE 2.78 %, Bharti Airtel BSE 3.88 %, Hindalco BSE 2.01 %, Mahindra & Mahindra and Bharti Infratel gained 2 per cent.
On the other hand, Axis Bank, IndusInd Bank, Reliance Industries BSE -0.62 %, YES Bank BSE -0.08 %, Asian Paints BSE -0.13 % and State Bank of India were the top losers among Nifty stocks.
On the NSE, 761 stocks were advancing, compared with 856 stocks declining and 360 stocks remaining unchanged.
If you want to more information regarding the Free Stock Cash Tips, Free Stock Cash Tips, Free Stock Future Tips call @ 9300421111 fill form http://www.tradtips.com
No comments:
Post a Comment