Sensex and Nifty50 suffered minor losses in early trade on Tuesday after a mixed opening tracking weakness across global markets. There was selling pressure witnessed in financial, IT, and pharma stocks that pulled the market lower, though gains in oil & gas and select auto counters limited the downside.
At around 11.55 am, BSE Sensex was trading at 59,238.35 down 60.97 points or 0.10% and Nifty50 at 17,684.60 down 6.65 points or 0.04%.
The Nifty Auto was trading at 10,686.65 up 45.50 points or 0.43%, after touching a high of 10,711.10 and low of 10,599.95 during intraday trade.
Ashok Leyland led the gains at Rs131.65 per piece, up 1.4%. Maruti was also bullish at Rs7,259.25 per piece, up 1.24%. Tata Motors continued gaining spree on healthy September sales. It was trading 1.15% higher at Rs345.95 per piece. Exide India also gained over 1% to outperform.
Bajaj Auto, Balkrishna Industries, Eicher Motors, and TVS Motor Company also traded higher. Mahindra & Mahindra, Bosch and Amara Raja Batteries were trading flat.
Bharat Forge tanked nearly 3% to drag at Rs720.40 per piece. MRF also shed over 0.6% while Tube Investments of India continued to struggle. Hero MotoCorp was also under pressure.