Market Now: Nifty Auto index in the red; Eicher Motors, Bajaj Auto decline over 1%

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Auto stocks Motherson Sumi Systems (down 3.87 per cent), Eicher Motors (down 1.13 per cent) and Bajaj Auto (down 1.08 per cent)
were trading with losses during afternoon trade on Wednesday. The Nifty Auto index was trading 0.32 per cent down at 10,878 around 01:30
pm. Shares of Maruti Suzuki India (down 0.64 per cent), Hero MotoCorp (down 0.62 per cent) and Bosch (down 0.61 per cent) were also in the
red
However, Ashok Leyland (up 1.74 per cent), TVS Motor Company (up 1.34 per cent) and Bharat Forge (up 1.04 per cent) were trading with gains
around that time. Exide Industries (up 0.99 per cent), Tata Motors (up 0.75 per cent), Apollo Tyres (up 0.60 per cent), MRF (up 0.58 per
cent) and Amara Raja Batteries (up 0.53 per cent) were also trading up. Shares of Mahindra Mahindra (up 0.05 per cent) were almost flat
around the same time. Equity benchmarks pared some losses on gains in State Bank of India, ICICI Bank, Tata Motors, Larsen Toubro and
Infosys. However, losses in oil, metal, FMCG and auto stocks were keeping the bourses down
The NSE Nifty50 index was down 33 points at 10,504, while the BSE Sensex was 50 points down at 34,602. Among the 50 stocks in the Nifty
index, 19 were trading in the green, while 31 were in the red.