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Market Now: Auto stocks crack; Apollo Tyres, TVS Motor down 3%

ETMarkets.com|
Updated: Jan 16, 2018, 02.54 PM IST
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Market Now: Auto stocks crack; Apollo Tyres, TVS Motor down 3%
Hindustan Petroleum Corporation, Coal India and Vedanta were among the top losers in the Nifty50 index.
NEW DELHI: Auto stocks Apollo Tyres (down 2.82 per cent), TVS Motor Company (down 2.64 per cent), Ashok Leyland (down 2.46 per cent), Tata Motors (down 1.99 per cent) and MRF (down 1.88 per cent) declined up to 3 per cent in afternoon trade on Tuesday.

The Nifty Auto index was trading 1.08 per cent down at 11,666 around 02:45 pm (IST).

Shares of Mahindra & Mahindra (down 1.78 per cent), Exide Industries (down 1.49 per cent), Motherson Sumi Systems (down 1.12 per cent), Hero MotoCorp (down 0.76 per cent), Tata Motors (DVR) (down 0.71 per cent), Amara Raja Batteries (down 0.70 per cent) and Bharat Forge (down 0.51 per cent) were also down in the index.

Bosch (up 0.11 per cent) was the only stock in the Nifty Auto index that was up around that time.

Benchmark NSE Nifty50 index was 30 points down at 10,712, while the BSE Sensex was 28 points down at 34,816.

Among the 50 stocks in the Nifty50 index, 17 were trading in the green, while 33 were in the red.

Hindustan Petroleum Corporation, Coal India and Vedanta were among the top losers in the Nifty50 index.
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