Nifty Auto gains nearly 1% ahead of major corporate results; Bharat Forge, TVS Motor, Tata Motors lead

The index has touched an intraday high and low of 9,733.80 and 9,653.90 respectively.

Apr 27, 2021 03:04 IST India Infoline News Service

Bull and bear
Nifty Auto index held steady amid Tuesday's markets bullish bandwagon. The sector was in focus ahead of major corporate earnings announcement. At around 2.58 pm, the index was trading at 9,708.45 up by 67 points or 0.69%.

The index has touched an intraday high and low of 9,733.80 and 9,653.90 respectively.

Bharat Forge was the top gainer soaring by 3% followed by TVS Motor surging by 2.3%.

Tata Motors advanced by 1.8%, while Hero MotoCorp and Motherson Sumi gained by 1.6% each. Between 1-1.5% rise was recorded in stocks like Eicher Motors, Ashok Leyland and Bajaj Auto.

Nearly, 1% upside each was seen in stocks like Exide, Balkrishna and Bosch.

MRF gained marginally, while Amara Raja Batteries traded on a flat note.

However, Maruti Suzuki was the top underperformer tumbling by 1% followed by M&M down marginally.

Maruti and TVS Motor are set to announce their March 2021 quarterly performance today. 

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