Reflecting the market mood of Indian stock market, most auto stocks were bringing about misfortunes in afternoon exchange on Wednesday.
The BSE Auto index was exchanging 0.96 percent down at 23,839 around 02:15 pm, with just two stocks-Cummins India (up 0.84 percent) and Bajaj Auto (up 0.77 percent)- exchanging with gains.
Shares of Amara Raja Batteries – 1.65 percent (down 0.47 percent), MRF (down 0.72 percent), Bajaj Auto (down 0.54 percent), Bosch (down 0.55 percent), Hero MotoCorp (down 0.39 percent), Eicher Motors – 0.43 percent (down 0.15 percent), Bharat Forge (down 0.29 percent), and TVS Motor Company 1.64 percent (down 0.11 percent) were additionally in the red.
Equity markets of Indian stock market were in the negative zone of selling crosswise over segments. Substantial losses in the bank, FMCG and oil, and gas counters hauled Sensex and Nifty down. Equity benchmarks Sensex and Nifty endured more losses in the afternoon session of exchange on managed capital outpouring in the midst of crisp fall in Indian rupee.
According to the data compiled by ET, financial investors were holding their wagers as the RBI’s Monetary Policy Committee started its three-day meeting yesterday in the midst of hypothesis that it might climb the key interest fee without precedent for more than four years because of firming inflation.
Benchmark NSE Nifty50 record was down 30 points at 10,599, while the BSE Sensex was 66 points down at 34,946.
Among the 50 stocks in the Nifty record, 12 were exchanging the green, while 38 were in the red. In the Sensex kitty of stocks, just eight stocks were progressing, while 23 were declining in exchange.
AS per the report of Economic Times, in the Sensex kitty of stocks, just eight stocks were progressing, while 23 were declining in exchange. YES Bank, Wipro, and Vedanta were exchanging up in the Sensex index.
Then again, HUL, Bharti Airtel and Reliance Industries, Bharti Airtel and Indiabulls Housing Finance were trading many losses in the Indian stock market, diving up to 3 percent.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]