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Share market update: Auto shares in the red; M&M dips over 2%
NEW DELHI: Auto shares were trading in the red in Monday’s morning session.
Shares of Mahindra & Mahindra (down 2.73 per cent) , Ashok Leyland (down 2.35 per cent) , TVS Motor Company (down 2.18 per cent) and Motherson Sumi Systems (down 1.96 per cent) were the top losers in the index.
Hero MotoCorp (down 1.71 per cent), Bharat Forge (down 1.48 per cent), Tata Motors (down 1.46 per cent) and Amara Raja Batteries (down 1.39 per cent) too were trading lower.
The Nifty Auto index was trading 0.96 per cent down at 8339.80 around 10:19 am.
Benchmark NSE Nifty50 index was down 60.50 points at 10,883.10 while the BSE Sensex was down 161.81 points at 36,384.67.
Among the 50 stocks in the Nifty index, 11 were trading in the green, while 38 were in the red.
Shares of YES Bank, Tata Motors, Tata Steel, Vodafone Idea, Ashok Leyland, SAIL, Indiabulls Housing Finance, Sun TV, SBI, BHEL, ITC, NHPC, Vedanta , NTPC, Motherson Sumi and Bank of Baroda were among the most traded shares on the NSE.