Share market update: Auto stocks jump up to 5%; M&M, Maruti in top gear

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NEW DELHI: Most auto & auto ancillary stocks were trading with decent gains in Friday’s session.

The Nifty Auto index was trading 3.34 per cent up at 9,031 around 12:15 pm.

Mahindra & Mahindra (M&M) (up 5.22 per cent) was the top gainer in the auto pack.

It was followed by, Apollo Tyres (up 4.90 per cent), Maruti Suzuki India (up 4.57 per cent), Bharat Forge (up 4.25 per cent), Eicher Motors (up 4.22 per cent) and Motherson Sumi Systems (up 4.13 per cent).

Shares of Ashok Leyland (up 3.76 per cent), Bajaj Auto (up 3.56 per cent) and TVS Motor Company (up 3.23 per cent), too, clocked decent gains.

Amara Raja Batteries (up 1.88 per cent), MRF (up 1.72 per cent), Exide Industries (up 1.47 per cent), Bosch (up 1.16 per cent), Tata Motors (up 0.79 per cent) and Hero MotoCorp (up 0.73 per cent) also appeared among the gainers.

Tata Motors (DVR) (down 0.49 per cent) was the only component of Nifty Auto index that was down at that time.

Benchmark NSE Nifty50 index was up 206 points at 10,440, while the BSE Sensex was up 674 points at 34,675.

Among the 50 stocks in the Nifty index, 46 were trading in the green, while 4 were in the red.

Bajaj Finance, Mahindra & Mahindra, Maruti Suzuki India, HPCL and Eicher Motors were among the top gainers in the Nifty index.

Tata Consultancy Services, HCL Technologies, Wipro and NTPC were the losers in the Nifty pack.

Source: Economic Times