All Rights Reserved Finance News 2020.
Share market replace: Auto shares achieve; Bharat Forge rises 3%
NEW DELHI: Auto shares had been trading with achieve in Wednesday’s session with main automakers slated to report the June month-to-month gross sales numbers.
June gross sales numbers of Indian automakers are anticipated to drop 35-70 per cent on a year-on-year (YoY) foundation on account of provide constraints.
India’s largest carmaker, Maruti Suzuki India Restricted (MSIL) on Wednesday reported a decline of 53.eight p.c at 52,300 items in June 2020 owing to the continuing coronavirus pandemic and lockdown restrictions. The gross sales stood at 113,031 unit gross sales in the identical month final yr.
The corporate’s complete gross sales additionally noticed a dip of 54 p.c at 57,428 items within the month below evaluation as in comparison with 124,708 items bought in June 2019.
Toyota Kirloskar Motor on Wednesday has introduced that it has bought 3,866 items of vehicles in June 2020, down 66.10 p.c from 11407 items bought in the identical month a yr in the past.
The automaker additionally mentioned that its June 2020 gross sales elevated from the earlier month, when it recorded 1,639 items.
Shares of Bharat Forge (up 2.99 per cent) , Tata Motors (up 2.49 per cent) , Apollo Tyres (up 2.22 per cent), Amara Raja Batteries (up 1.64 per cent) , Ashok Leyland (up 1.49 per cent) , Motherson Sumi Techniques (up 1.32 per cent) , Exide Industries (up 0.88 per cent) , Eicher Motors (up 0.59 per cent) , Bajaj Auto (up 0.53 per cent) , Mahindra & Mahindra (up 0.16 per cent) and TVS Motor Firm (up 0.05 per cent) had been among the many prime gainers.
Whereas MRF (down 1.75 per cent) , Bosch (down 1.67 per cent) , Maruti Suzuki (down 0.6 per cent) and Hero MotoCorp (down 0.15 per cent) had been the highest losers within the index.
The Nifty Auto index was trading 0.2 per cent up at 6732.eight round 11:55AM.
Benchmark NSE Nifty50 index was up 63.30 factors at 10365.4, whereas the BSE Sensex was up 258.98 factors at 35174.78.
Among the many 50 shares within the Nifty index, 26 had been trading within the inexperienced, whereas 23 had been within the purple.
Shares of Vodafone Thought, Financial institution of Baroda, Ashok Leyland, Tata Motors, Axis Financial institution, SBI, BHEL, ONGC and IDBI Financial institution had been among the many most traded shares on the NSE.