Stock Market

Share market update: Bajaj Auto, Tata Motors boost BSE Auto index

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NEW DELHI: Shares of Bajaj Auto (up 3.22 per cent), Exide Industries (up 2.74 per cent), MRF (up 2.35 per cent), Ashok Leyland (up 1.49 per cent) and Tata Motors (up 1.46 per cent) were trading with decent gains during afternoon trade on Friday. The BSE Auto index was trading 0.71 per cent up at 23,846 around 02:20 pm.

Shares of Bosch (up 1.36 per cent), Maruti Suzuki India (up 1.18 per cent), Bharat Forge (up 1.06 per cent), Motherson Sumi Systems (up 1.05 per cent) and Balkrishna Industries (up 0.92 per cent) were also among the gainers in the auto index. However, Mahindra Mahindra (down 1.14 per cent), TVS Motor Company (down 0.84 per cent) and Hero MotoCorp (down 0.53 per cent) were incurring losses. Equity benchmarks were treading higher on across the board buying amid positive global cues. Fresh buying by investors as the July derivatives contracts started on a strong note amid recovery in the rupee boosted sentiment. The BSE Sensex was up 371 points at 35,409, while the NSE Nifty50 index was up 118 points at 10,707. Among the 50 stocks in Nifty index, 41 were trading in the green, while 9 were in the red.

In the Sensex index, 25 stocks were advancing, while 6 were declining in trade. Bajaj Auto, Tata Steel and YES Bank surged over 3 per cent in the Sensex index.




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