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Share market update: Auto stocks gain up to 3% ahead of July sales data

Auto companies will start releasing their sales numbers for the month of July from today.

ETMarkets.com|
Updated: Aug 01, 2018, 10.31 AM IST
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Share market update: Auto stocks gain up to 3% ahead of July sales data
Oil marketing companies, including HPCL, Indian Oil Corporation and BPCL were leading the pack of Nifty gainers.
NEW DELHI: Most auto stocks were trading with gains in morning trade on Wednesday ahead of July sales data and RBI's policy meet outcome.

Auto companies will start releasing their sales numbers for the month of July from today.

Bharat Forge (up 2.64 per cent), Amara Raja Batteries (up 1.83 per cent), Bajaj Auto (up 1.78 per cent) and Bosch (up 1.39 per cent) were trading with decent gains.

Shares of Motherson Sumi Systems (up 0.88 per cent), Apollo Tyres (up 0.79 per cent), TVS Motor Company (up 0.72 per cent), Exide Industries (up 0.71 per cent), MRF (up 0.50 per cent), Mahindra & Mahindra (up 0.50 per cent), Hero MotoCorp (up 0.43 per cent) and Maruti Suzuki India (up 0.24 per cent) too were in the green.

However, Tata Motors (DVR) (down 3.05 per cent), Tata Motors (down 2.95 per cent), Eicher Motors (down 1.57 per cent) and Ashok Leyland (down 0.22 per cent) were under selling pressure.

Auto major Tata Motors on Tuesday reported a surprise loss of Rs 1,864 crore for the June quarter. It turned out to be the worst quarterly loss in nearly nine years, according to a Bloomberg data.

The Nifty Auto index was trading 0.16 per cent up at 10,991 around 09:55 am.

Benchmark NSE Nifty50 index was up 22 points at 11,379, while the BSE Sensex was up 51 points at 37,657.

Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red.

Oil marketing companies, including HPCL, Indian Oil Corporation and BPCL were leading the pack of Nifty gainers.

Tata Motors and Eicher Motors were leading among Nifty losers.

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