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    Market Now: Auto stocks tank; Apollo Tyres, TVS Motor plunge 4%

    Synopsis

    The Nifty Auto index was trading 0.15 per cent down at 11,675 around 02:40 pm (IST).

    Market Now: Auto stocks tank; Apollo Tyres, TVS Motor plunge 4%ThinkStock Photos
    Among the 50 stocks in the Nifty50 index, 32 were in the red.
    NEW DELHI: Most of the auto stocks including Apollo Tyres (down 4.36 per cent), TVS Motor Company (down 3.51 per cent), Ashok Leyland (down 3.33 per cent) and Exide Industries (down 2.30 per cent) tanked in afternoon trade on Thursday.

    The Nifty Auto index was trading 0.15 per cent down at 11,675 around 02:40 pm (IST).

    Shares of Amara Raja Batteries (down 2.25 per cent), Bharat Forge (down 2.22 per cent), MRF (down 1.99 per cent), Motherson Sumi Systems (down 1.68 per cent), Tata Motors (DVR) (down 1.51 per cent), Tata Motors (down 1.33 per cent), Eicher Motors (down 0.91 per cent) and Bosch (down 0.50 per cent) were also down in the red.

    However, shares of Mahindra & Mahindra (up 2.39 per cent), Maruti Suzuki India (up 1.09 per cent), Hero MotoCorp (up 0.67 per cent) and Bajaj Auto (up 0.25 per cent) were up around that time.

    Benchmark NSE Nifty50 index was 34 points up at 10,823, while the BSE Sensex was 224 points up at 35,306.

    Among the 50 stocks in the Nifty50 index, 18 were trading in the green, while 32 were in the red.

    In the Nifty 50 index, UPL, HDFC Bank, ITC, Mahindra & Mahindra and HDFC were among the top gainers.

    However, Bharti Infratel, Adani Ports SEZ, Vedanta, Hindalco Industries and Tata Steel were among the top losers.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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