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Stock market update: Auto stocks rise ahead of RBI policy outcome; Eicher Motors, Tata Motors climb 1%

The Nifty Auto index was trading 0.57 per cent up at 11,050 around 10:15 am on Wednesday.

ETMarkets.com|
Updated: Jun 06, 2018, 10.34 AM IST
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Stock market update: Auto stocks rise ahead of RBI policy outcome; Eicher, Tata motors climb 1%
Indiabulls Housing Finance, Coal India, Sun Pharma, Bajaj Finance and Lupin were among the top gainers in the Nifty index.
NEW DELHI: Most auto stocks were trading with gains ahead of RBI's policy meet outcome, due later today.

The Nifty Auto index was trading 0.57 per cent up at 11,050 around 10:15 am on Wednesday.

Shares of Eicher Motors (up 1.43 per cent), Apollo Tyres (up 1.36 per cent), Tata Motors (up 0.88 per cent), Exide Industries (up 0.87 per cent) and Bajaj Auto (up 0.85 per cent) were the top gainers in the auto index.

Maruti Suzuki India (up 0.52 per cent), Hero MotoCorp (up 0.43 per cent), Ashok Leyland (up 0.41 per cent), Motherson Sumi Systems (up 0.39 per cent), Mahindra & Mahindra (up 0.39 per cent), TVS Motor Company (up 0.38 per cent) and MRF (up 0.24 per cent) were also up with mild gains.

However, Bharat Forge (down 0.74 per cent), Amara Raja Batteries (down 0.47 per cent) and Bosch (down 0.22 per cent) were down around the same time.

The central bank will announce its bimonthly monetary policy on Wednesday amid expanding economic growth and the recent increase in crude oil prices.

Benchmark NSE Nifty50 index was up 39 points at 10,632, while the BSE Sensex was up 136 points at 35,039.

Among the 50 stocks in the Nifty index, 40 were trading in the green, while 9 were in the red.

Indiabulls Housing Finance, Coal India, Sun Pharma, Bajaj Finance and Lupin were among the top gainers in the Nifty index.

However, Tech Mahindra, Asian Paints, HPCL, Indian Oil Corporation and Zee Entertainment Enterprises were leading among Nifty losers.
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