In the Nifty pack, 23 stocks closed in the green, while 26 stocks ended in the red.

The Nifty Pharma index closed 0.99 per cent down at 12360.25.

The Nifty Auto index closed 1.89 per cent up at 13323.9.

The Nifty Realty index closed 1.12 per cent up at 411.55.

Bajaj Finance, TCS, Tech Mahindra, Britannia and Sun Pharma were among the top losers on NSE in today's trade.

The Nifty Bank index closed 0.66 per cent up at 40655.05.

The Nifty IT index closed 1.18 per cent down at 29740.35.

Manaksia Ltd, Automotive Axle, IIFL Finance, Axita Cotton and KPIT Tech, hit their fresh 52-week highs during the day.

This is a huge industry, worth Rs 9.5 lakh crore, and you have various segments which are expected to sort of keep delivering double-digit kind of growth, Pandey told ET Now.While the business prospects are strong, some stocks such as Blue Dart Express are trading at high valuations, Pandey said, highlighting it as a reason for not tweaking the price target.

ICICI Direct is bullish on Automotive Axles has recommended buy rating on the stock with a target price of Rs 2375 in its research report dated August 09, 2022.

Hindustan Foods, Omaxe, Navkar Corp, International Constructions Ltd. and Automotive Axle, hit their fresh 52-week highs at 11:21AM.

Motor Gen Fin, Automotive Axle, Marathon Nextgen, FIEM Industries and Silver Touch Tech, hit their fresh 52-week highs during the day.

JSW Steel, ONGC, TCS, Tata Steel and Cipla were among the top losers on NSE in today's trade.

JSW Steel, ONGC, Hindalco, Tata Steel and Cipla were among the top losers on NSE.

Motor Gen Fin, Marathon Nextgen, Automotive Axle, Rolex Rings and Imagicaaworld Entert, hit their fresh 52-week highs at 11:05AM.

“Within the pharma sector, Sun Pharma and Cipla are looking attractive to us. Among capital goods, besides L&T, we are bullish on AI Engineering, LD Equipments and Ador Welding. The bearing companies are also looking attractive to us. Within that Timken and SKF are the ones which are looking good.”

ICICI Direct has shifted its stance to positive, from neutral, for the automobile industry owing to improved availability of semiconductors and chips and a substantial reduction in metal prices, which is a key raw material for the sector.

“In the auto sector, Ashok Leyland, Automotive Axles and AIA Engineering are looking good while in the capital goods space, both SKF and Timken are looking good. Then there are companies like Thermax, Siemens which we also like.”

Aether Industries Ltd., Automotive Axle, Globesecure Technologies Ltd., Globe Intl. Carriers and Khandwala Sec, hit their fresh 52-week highs at 11:10AM.

The Nifty Pharma index was trading 0.34 per cent down at 12457.6.

The Nifty Realty index was trading 0.0 per cent at 410.8.

The Nifty Bank index was trading 0.26 per cent up at 35704.75.

The Nifty Auto index was trading 0.43 per cent down at 11442.3.

Shree Cements, Grasim Inds., UltraTech Cem., Britannia and NTPC were among the top losers on NSE.

Automotive Axles Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 2526.34 Crore) operating in Auto Ancillaries sector.

Automotive Axles Ltd. key Products/Revenue Segments include Automobile Products & Accessories, Scrap & Others, Other Operating Revenue and Wind Power for the year ending 31-Mar-2021.