Financial due diligence of both the companies will start in July, which will take two months, after which the technical aspects of the joint venture will be looked into and this will take another month, Director of Hindustan Motors, Uttam Bose, told PTI.

RIL, ONGC, Maruti Suzuki, BPCL and HDFC Life were among the top losers on NSE.

The Nifty Realty index was trading 1.83 per cent up at 394.95.

The Nifty Pharma index was trading 0.55 per cent up at 12259.15.

The Nifty Bank index was trading 0.21 per cent up at 33474.7.

The Nifty Auto index was trading 0.34 per cent up at 11203.35.

Sonu Infratech Ltd., Akshar Spintex, Kohinoor Foods, Standard Ind and Hindustan Motor, hit their fresh 52-week highs at 10:39AM.

In the Nifty 50 index, 2 stocks were trading in the green, while 48 stocks were trading in the red.

Sonu Infratech Ltd., Marathon Nextgen, Tree House Edu, Kohinoor Foods and Hindustan Motor, hit their fresh 52-week highs at 10:24AM.

In the Nifty pack, 0 stocks were trading in the green, while 50 stocks were trading in the red.

In the Nifty50 index, 2 stocks were trading in the green, while 48 stocks were in the red.

Hindalco, Bajaj Finance, Wipro, Kotak Bank and HDFC were among the top losers on NSE.

Marathon Nextgen, Tree House Edu, Bombay Metrics Supply Chain Ltd., Hindustan Motor and Standard Ind, hit their fresh 52-week highs at 10:55AM.

The Nifty Bank index was trading 1.24 per cent down at 34648.9.

The Nifty Realty index was trading 0.38 per cent down at 403.75.

The Nifty Pharma index was trading 0.43 per cent down at 12412.7.

The Nifty Auto index was trading 0.27 per cent down at 11388.2.

In the Nifty50 index, 24 stocks were trading in the green, while 22 stocks were in the red.

In the Nifty pack, 20 stocks were trading in the green, while 30 stocks were trading in the red.

The Nifty IT index was trading 0.32 per cent down at 29377.1.

The Nifty Realty index closed 1.89 per cent up at 404.25.

The Nifty Auto index closed 0.18 per cent up at 11382.35.

The Nifty Pharma index closed 0.31 per cent up at 12317.8.

Bharti Airtel, ITC, RIL, UPL and Asian Paints were among the top losers on NSE in today's trade.

The Nifty Auto index was trading 0.09 per cent up at 11372.0.

The Nifty Pharma index closed 1.07 per cent down at 12279.65.

The Nifty Pharma index was trading 0.63 per cent down at 12202.5.

Titan Company, UPL, Dr. Reddys, Britannia and L&T were among the top losers on NSE in today's trade.

MRPL, Chennai Petro, Global Education, Hindustan Motor and Kohinoor Foods, hit their fresh 52-week highs during the day.

The Nifty Bank index was trading 0.6 per cent down at 35098.35.

The Nifty Auto index closed 0.19 per cent up at 11303.15.

The Nifty Pharma index closed 0.05 per cent down at 12412.4.

Shree Cements, BPCL, Asian Paints, UltraTech Cem. and Hero MotoCorp were among the top losers on NSE in today's trade.

Oil India Ltd, Elecon Engg Co, Zenith Birla, Empyrean Cashews Ltd. and Hindustan Motor, hit their fresh 52-week highs during the day.

The Nifty Bank index closed 0.1 per cent up at 35310.2.

The Nifty IT index closed 0.28 per cent down at 29819.8.

The Nifty Pharma index was trading 0.28 per cent down at 12383.5.

In the Nifty50 index, 15 stocks were trading in the green, while 35 stocks were in the red.

The Nifty Realty index was trading 1.71 per cent down at 399.9.

The Nifty Bank index was trading 0.13 per cent down at 35227.9.

Ambassador is no longer on sale due to various reasons. However, Ambassador could return to the Indian market within the next 2 years.

The workers were earlier employed by Hindustan Motors Ltd/Hindustan Motor Finance Corporation at its Tiruvallur car plant rolling out Japanese Mitsubishi Motors Corporation's models like Lancer, Pajero and also under contract manufacturing deal for Isuzu Motors MU 7 model.