Nifty Auto maintains upside; Balkrishna Industries, Eicher Motors among top gainers

29 Mar 2022 , 01:10 PM

Nifty Auto maintained steady progress to support positive markets on Tuesday. The Index traded higher for the second straight day to go with market bulls. Balkrishna Industries led the gains while Eicher Motors also outperformed.

The domestic benchmark indices held gains in Tuesday’s session tracking strong global cues, aided by a sharp 8% in Brent Crude prices overnight. Investors continue to watch increasing lockdowns in China and developments on Russia-Ukraine war.

At around 1.10 pm, BSE Sensex was trading at 57,847.61 up 254.12 points or 0.44% and Nifty 50 at 17,297.25 up 75.25 points or 0.44%. Nifty Auto was trading at 10,495.30 up 73.70 points or 0.71%, touching a high of 10,523.00 and low of 10,458.70 during intraday trade on Tuesday. 

Balkrishna Industries surges 2.64% at Rs2,105.65 per piece to lead the gains. Eicher Motors was 2% higher at Rs2,427.60 per piece. Bosch and TVS Motor Company rose 1.25% and 1.1% respectively to add to the sectorial gains. Mahindra & Mahindra also advanced nearly 1% while Tata Motors, Bharat Forge and Maruti were also aamong the gainers list. 

Tube Investments of India dragged ~1% while Bajaj Auto was also under pressure.