Stock market update: Auto stocks gain; Motherson Sumi jumps 5%

NEW DELHI: Auto stocks were trading on a positive note at 10:50AM (IST) on Wednesday.

Shares of Motherson Sumi Systems (up 5.06 per cent), Mahindra & Mahindra (up 2.46 per cent), Eicher Motors (up 1.86 per cent), TVS Motor Company (up 1.22 per cent) and Bosch (up 1.02 per cent) were among the top gainers.

While Tata Motors (down 0.65 per cent), Bajaj Auto (down 0.34 per cent) and MRF (down 0.16 per cent) were the top losers in the index.

The Nifty Auto index was trading 1.03 per cent up at 7709.0 around 10:50AM.

Benchmark NSE Nifty 50 index was down 53.40 points at 11269.1, while the BSE Sensex was 180.42 points at 38226.59.

Among the 50 stocks in the Nifty index, 12 were trading in the green, while 37 were in the red.

Shares of Vodafone Idea, SBI, Bank of Baroda, PNB and Motherson Sumi were among the most traded shares on the NSE.

Shares of Hindustan Aeronautics Ltd., Indiabulls Ventures (PP), ITI Ltd, M&M and Syngene International Ltd. hit their fresh 52 week high in today's trade.