Nifty Auto under pressure; Maruti, Hero MotoCorp among top bears

Balkrishna Industries gained 1.5% to provide some solace to the sector.

Jun 17, 2021 01:06 IST India Infoline News Service

Bear Market
The Nifty Auto index was under pressure tracking markets bears on Thursday amid broad-based selloff. Ashok Leyland sank 2% while heavyweights Motherson Sumi, Hero Motocorp and Maruti also weighed down. Balkrishna Industries gained over 1% to provide some solace to the sector.

At around 1.05 PM, Nifty Auto was trading at 10,608.90 down 60.55 points or 0.57%, after touching a low of 10,559.20 and high of 10,664.95 during intraday trade.

After a bearish start due to weak global cues, BSE Sensex was trading at 52,417.20 down 84.78 points or 0.16% and Nifty50 at 15,738.55 down 29.00 points or 0.18%.

Ashok Leyland was the biggest laggard at Rs123.40 per piece followed by Motherson Sumi which dropped 1.5% at Rs241.70 per piece. Maruti also dragged by tumbling 1.5% at Rs7,008.40 per piece. Hero MotoCorp contracted by 1.4% at Rs2,934.85 per piece. 

Bosch, TVS Motor and Exide India slipped around 1% each. Meanwhile, Bajaj Auto, Tata Motors and Amara Raja Batteries also traded in the red. 

Balkrishna Industries gained over1.5% at Rs2,279.00 per piece emerging as the top gainer. MRF, Bharat Forge, Eicher Motors and Mahindra & Mahindra also traded in the green. 

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