INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most auto stocks were trading with gains ahead of RBI's policy meet outcome, due later today.
The Nifty Auto index was trading
0.57 per cent up at 11,050 around 10:15 am on Wednesday
Shares of Eicher Motors (up 1.43 per cent), Apollo Tyres (up 1.36 per cent), Tata Motors (up 0.88 per cent), Exide Industries (up 0.87 per
cent) and Bajaj Auto (up 0.85 per cent) were the top gainers in the auto index.
Maruti Suzuki India (up 0.52 per cent), Hero MotoCorp (up
0.43 per cent), Ashok Leyland (up 0.41 per cent), Motherson Sumi Systems (up 0.39 per cent), Mahindra Mahindra (up 0.39 per cent), TVS
Motor Company (up 0.38 per cent) and MRF (up 0.24 per cent) were also up with mild gains.
However, Bharat Forge (down 0.74 per cent), Amara
Raja Batteries (down 0.47 per cent) and Bosch (down 0.22 per cent) were down around the same time.
The central bank will announce its
bimonthly monetary policy on Wednesday amid expanding economic growth and the recent increase in crude oil prices
Benchmark NSE Nifty50 index was up 39 points at 10,632, while the BSE Sensex was up 136 points at 35,039.
Among the 50 stocks in the Nifty
index, 40 were trading in the green, while 9 were in the red
Indiabulls Housing Finance, Coal India, Sun Pharma, Bajaj Finance and Lupin were among the top gainers in the Nifty index.
However, Tech
Mahindra, Asian Paints, HPCL, Indian Oil Corporation and Zee Entertainment Enterprises were leading among Nifty losers.
