Share market update: Auto shares mixed; Tata Motor down 2%

Source: economictimes.indiatimes.com

NEW DELHI: Auto shares were trading on a mixed note in Wednesday’s morning session. 

Shares of Exide IndustriesNSE 1.73 % (up 1.25 per cent), Maruti Suzuki India (up 0.61 per cent), Eicher Motors (up 0.48 per cent) and Ashok Leyland (up 0.42 per cent) were trading higher. 

Tata Motors (down 2.01 per cent), Bharat ForgeNSE 4.83 % (down 0.80 per cent), Bajaj Auto (down 0.72 per cent) and Hero MotoCorp (down 0.49 per cent) were among the top losers in the index. 

The Nifty Auto index was trading 0.06 per cent down at 7588.70 around 09:46 am. 

Meanwhile, according to the data released by SIAM on Wednesday domestic passenger vehicle (PV) sales slipped by 17.54 per cent to 2,25,732 units in June from 2,73,748 units in the year-ago period. 

Also, domestic car sales dipped 24.97 per cent to 1,39,628 units as against 1,83,885 units in June 2018. 

Motorcycle sales in June declined 9.57 per cent to 10,84,598 units as against 11,99,332 units a year earlier. Meanwhile, total two-wheeler sales in June declined 11.69 per cent to 16,49,477 units compared to 18,67,884 units in the year-ago month. 

Benchmark NSE Nifty50 index was up 19.70 points at 11,575.60 while the BSE Sensex was up 73.44 points at 38,804.26. 

Among the 50 stocks in the Nifty index, 29 were trading in the green, while 21 were in the red.

Shares of YES Bank, Vodafone Idea, Adani Power, REC, PNB, Dish TV India, SAIL, Tata Motors, InterGlobe Aviation and Bank of Baroda were among the most traded shares on the NSE.