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Market Now: Auto stocks move up ahead of RBI policy meet

The Nifty Auto index was trading 1.84 per cent up at 11,359 around 10:45 am (IST).

ETMarkets.com|
Updated: Apr 04, 2018, 10.55 AM IST
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Market Now: Auto stocks move up ahead of RBI policy meet
Eicher Motors, Vedanta and YES Bank were among the top gainers in the Nifty pack.
NEW DELHI: Auto stocks Tata Motors (up 5.36 per cent), Tata Motors (DVR) (up 4.56 per cent) and Eicher Motors (up 3.59 per cent) were trading in the positive territory during Wednesday's trade ahead of Reserve Bank of India's first bi-monthly monetary policy meet that begins today.

The Nifty Auto index was trading 1.84 per cent up at 11,359 around 10:45 am (IST).

Shares of Bosch (up 2.45 per cent), Mahindra & Mahindra (up 1.57 per cent), Ashok Leyland (up 1.42 per cent), Maruti Suzuki India (up 1.27 per cent), Motherson Sumi Systems (up 1.05 per cent), Bharat Forge (up 0.91 per cent), Hero MotoCorp (up 0.80 per cent), Amara Raja Batteries (up 0.71 per cent) and Apollo Tyres (up 0.49 per cent) were also among the gainers.

Meanwhile, MRF (down 0.37 per cent) was the only stock in the Nifty Auto index that was slightly down around that time.
Equity benchmarks were up on the back of sustained buying by DIIs as well as retail investors.

The NSE Nifty50 index was up 28 points at 10,273, while the BSE Sensex was up 115 points at 33,486.

Among the 50 stocks in the Nifty index, 27 were trading in the green, while 23 were in the red.

Eicher Motors, Vedanta and YES Bank were among the top gainers in the Nifty pack.

Oil stocks including HPCL, GAIL and BPCL were among the top losers in the Nifty index.

Also Read

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Time to hold, not sell auto stocks: Devang Mehta, Centrum India

Share market update: Auto stocks up ahead of RBI's policy outcome

Correction in auto stocks not enough to turn optimistic: CLSA

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