Nifty Auto maintained upside ahead of F&O expiry scheduled for later on Thursday. The sector was among the top four gainers lead by IT, Metal and PSU Bank stocks.
Bharat Forge led the gains while heavyweights Hero MotoCorp, Tata Motors and Mahindra & Mahindra contributed to the winnings. Exide India continued to remain under pressure.
At around 1.20 pm, Nifty Auto was trading at 10,489.20 up 51.40 points or 0.49% after touching a high of 10,561.30 and low of 10,441.35 during intraday trade.
BSE Sensex was trading at 51,157.67 up 140.15 points or 0.27% while Nifty50 was 15,350.20 up 48.75 points or 0.32%.
Bharat Forge advanced 1.5% at Rs677.75 per piece while Tata Motors followed closely by surging 1.4% at Rs319.95 per piece.
Balkrishna Industries, Bosch and Bajaj Auto and MRF surged more than 1% each. Mahindra & Mahindra and Hero MotoCorp also gained substantially.
Exide India dropped 1.2% at Rs187.95 per piece and emerged as the top bear of the index. Amara Raja Batteries was down 0.7% while TVS Motor Company slipped 0.47%. Eicher Motors was also under pressure ahead of annoucing quarterly results.
Motherson Sumi, Maruti and Ashok Leyland also traded in the red.
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