Nifty Auto joins markets bullish bandwagon, index soars 1%; Ashok Leyland, Tata Motors in a sharp rally

Tata Motors lifts the index climbing by 3% at Rs317.00 per piece.

Apr 08, 2021 11:04 IST India Infoline News Service

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Amid rising covid cases, markets are trading on a bullish note. Nifty Auto stock lifts the benchmark Nifty 50 high by its robust performance. The Index was performing in a fast lane with 14 scrip advancing and only 1 scrip declining. Heavyweights like Ashok Leyland and Tata Motors witnessed massive profit booking.

At around 11:33 AM, Nifty Auto was trading at 10,072.35 higher by 135.35 points or 1.36%. The index has touched an intraday high and low of 10,083.30 and 9,980.65 respectively during early trading hours.

Ashok Leyland was the top bull soaring by 5.65% and trading at Rs123.35 per piece as the Company's subsidiary unveils global expansion plans into India and its plan to create two subsidiary companies.

Tata Motors lifts the index climbing by 3% at Rs317.00 per piece.

Accordingly, gainers list on Nifty Auto was led by Eicher surging by 1.70% followed by Exide up 1.62%. Nearly 2% rise each was recorded in Hero Motocorp and Mahindra & Mahindra stocks.

Bharat Forge, Bosch and Maruti Suzuki was trading nearly 1% high on the index.

While, Motheson Sumi was 0.42% on the upside at Rs215.05 per piece. MRF advanced by 0.39% at Rs327.60 per piece.

Amara Raja Batteries, TVS Motor and Bajaj Auto was trading marginally up lifting the NSE index.

On the other hand, Bal Krishna Industries was only the underperformer tumbling by 0.09% at Rs1,684.75 per piece.

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