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Nifty Auto Index Rises as Market Slumps
28 Jul
Summary
- Nifty Auto index up 0.27% despite broader market decline
- Ashok Leyland, TVS Motor among top gainers
- Eicher Motors, Mahindra & Mahindra see losses
On Monday, the Nifty Auto index bucked the broader market trend, trading higher around 10:57 AM IST. The index was up 0.27% at 23,845.85, even as the benchmark Nifty50 and Sensex indices declined.
Among the top performers on the Nifty Auto index were Ashok Leyland, which gained 1.69%, TVS Motor Company (up 1.43%), Samvardhana Motherson International (up 1.27%), Hero MotoCorp (up 1.21%), and Bharat Forge (up 1.03%). In contrast, Eicher Motors and Mahindra & Mahindra saw losses of 0.79% and 0.78%, respectively.
The positive performance of the auto index came despite the overall market weakness, with the Nifty50 down 25.71 points at 24,811.3 and the Sensex declining 142.02 points to 81,321.07. Of the 50 Nifty stocks, 28 were trading in the green, while 22 were in the red.