Nifty Auto trades lower; Ashok Leyland emerges top bear; Heavyweights Bharat Forge, Maruti, Tata Motors drag

Motherson Sumi was the top bull by soaring by 0.63% at Rs247.50 per piece on the index.

Jun 16, 2021 11:06 IST India Infoline News Service

Nifty Auto stocks were trading on a bearish note as selling pressure seen on the markets. Equity benchmarks witness a disturbing trend going on which offset the gains of the sector.

At around 11:30 AM, Nifty Auto was trading at 10,695.75 down by 58.65 points or 0.55%. The index has touched an intraday high and low of 10,772.25 and 10,679.40 respectively during early trading hours on Wednesday.

BSE Sensex was trading at 52,525.26 down 247.79 points or 0.47% and Nifty50 at 15,803 down 66.25 points or 0.42%.
On the trading window, Ashok Leyland was the top laggard tumbling by 2.21% at Rs126.10 per piece followed by Bharat Forge diving by 1.44% at Rs730.80 per piece.
Bal Krishna (-1.12%), Exide (-1.11%), Eicher Motors (-1.02%), TVS Motor (-0.96%), Amara Raja Batteries (-0.93%) all  were trading on a bearish note.

Heavyweights Maruti Suzuki also plunged by 0.72% at Rs7,114.60 per piece while Tata Motors was down at Rs350.35 per piece by 0.67%.

Bosch, Bajaj Auto and Hero MotoCorp trading marginally down struggles to lead the gains.

On the contrary, Motherson Sumi was the top bull by soaring by 0.63% at Rs247.50 per piece on the index.
Heavyweights Mahindra & Mahindra and MRF were doing well on upside note trading marginally higher on Wednesday.


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