Share market update: Auto shares in the red; Hero MotoCorp slips 4%

Source: economictimes.indiatimes.com

NEW DELHI: Auto shares were trading in the red in Monday’s morning session. 

Shares of Hero MotoCorp (down 3.91 per cent) , Motherson Sumi SystemsNSE -3.91 % (down 3.13 per cent) , Apollo TyresNSE -4.02 % (down 3.12 per cent) and Maruti Suzuki India (down 3.00 per cent) were the top losers in the index. 

TVS Motor Company (down 2.82 per cent) , Bajaj Auto (down 2.55 per cent) , Ashok Leyland (down 2.13 per cent) and Tata Motors (down 2.09 per cent) too were trading lower . 

he Nifty Auto index was trading 2.22 per cent down at 7674.85 around 09:47 am. 

Benchmark NSE Nifty50 index was down 122.45 points at 11,688.70 while the BSE Sensex was down 415.47 points at 39,097.92. 

Among the 50 stocks in the Nifty index, 8 were trading in the green, while 42 were in the red. 

Shares of YES Bank, PNB, Vodafone Idea, Bank of Baroda, SAIL, JSPL, Indiabulls Housing Finance, NBCC , ITC and Ashok Leyland were among the most traded shares on the NSE.