Share market update: Auto shares mixed; Bajaj Auto down over 1%

NEW DELHI: Auto shares were trading on a mixed note in Tuesday's morning session.

Automobile sales in the country fell across categories last month as consumers deferred purchases ahead of the general election results. Passenger vehicle sales declined 17 per cent to 247,541 units in April from a year earlier as high insurance costs and tight liquidity in the market hurt demand, according to the Society of Indian Automobile Manufacturers. The drop in passenger vehicle sales was the sharpest since October 2011.

Slowing economic growth, coupled with revised axle load norms, hit sales of commercial vehicles, which fell 6 per cent to 68,680 units.


Shares of Amara Raja Batteries (up 0.90 per cent), Bharat Forge (up 0.71 per cent), Tata Motors (up 0.58 per cent) and Ashok Leyland (up 0.42 per cent) were the top performers in the index.

Bosch (down 1.81 per cent), Bajaj Auto (down 1.37 per cent), TVS Motor Company (down 1.09 per cent) and Apollo Tyres (down 0.99 per cent) were trading lower.

The Nifty Auto index was trading 0.41 per cent down at 7905.75 around 09:49 am.

Benchmark NSE Nifty50 index was down 6.35 points at 11,141.85 while the BSE Sensex was down 11.71 points at 37,079.11.

Among the 50 stocks in the Nifty index, 21 were trading in the green, while 29 were in the red.

Shares of Vodafone Idea, IDFC First Bank, YES Bank, SAIL, PNB, Dish TV India, Sun Pharma, Bank of Baroda, Tata Steel and DHFL were among the most traded shares on the NSE.

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