Share market update: Auto shares in the red; Tata Motors slips 4%
NEW DELHI: Auto shares were trading in the red in Friday’s morning session.
Shares of Tata Motors (down 4.14 per cent), Amara Raja BatteriesNSE -3.11 % (down 2.34 per cent) , TVS Motor CompanyNSE -1.28 % (down 2.25 per cent) and Ashok Leyland (down 2.18 per cent) were trading lower.
Mahindra & Mahindra (down 1.67 per cent) , Hero MotoCorp (down 1.24 per cent) , Bosch (down 0.98 per cent) and Eicher Motors (down 0.90 per cent) too were trading in the red.
The Nifty Auto index was trading 1.23 per cent down at 7565.40 around 09:44 am.
Benchmark NSE Nifty50 index was down 14.10 points at 11,557.10 while the BSE Sensex was down 12.70 points at 38,977.04.
Among the 50 stocks in the Nifty index, 14 were trading in the green, while 36 were in the red.
Shares of YES Bank, Tata Motors, Dish TV India, NMDC, SBI, Vodafone Idea, GMR Infra, SAIL, ITC and Ashok Leyland were among the most traded securities on the NSE.