Stock market update: Auto stocks move upward; Eicher Motors, Tata Motors among gainers

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most auto stocks including Bharat Forge (up 1.62 per cent), Bajaj Auto (up 1.17 per cent), Exide Industries (up 0.79 per cent)
and Eicher Motors (up 0.75 per cent) were trading with gains during afternoon trade on Wednesday, keeping the sectoral index up
The BSE Auto index was trading 0.43 per cent up at 25,108 around 02:25 pm. Shares of Tata Motors (up 0.68 per cent), Motherson Sumi Systems
(up 0.48 per cent), Maruti Suzuki India (up 0.42 per cent), Cummins India (up 0.23 per cent), Mahindra Mahindra (up 0.20 per cent) and Hero
MotoCorp (up 0.18 per cent) were also among the gainers. Meanwhile, Ashok Leyland (down 0.80 per cent) was down in the index, while MRF
(down 0.05 per cent) was nearly flat around that time. Sustained buying in IT, bank, consumer durables, auto, teck and pharma stocks were
keeping the equity benchmarks in the higher terrain. The BSE Sensex was up 175 points at 35,868, while the NSE Nifty50 index was up 48
points at 10,891. Among the 50 stocks in the Nifty index, 32 were trading in the green, while 18 were in the red
In the Sensex index, 20 stocks were advancing while 11 were declining. Dr Reddy's Labs, Tata Consultancy Services and State Bank of India
were leading among Sensex gainers.