The Nifty Auto stocks were caught in markets bear during intraday trade on Friday. The Index had a minor recovery but was still 1% down with
Ashok Leyland shunning over 3.5%.
Mahindra & Mahindra,
Tata Motors, and
Motherson Sumi also shed around 2%.
Bajaj Auto led the gains while
Eicher Motors was also bullish in otherwise grim markets.
At around 2.10 PM, Nifty Auto was trading at 10,416.35
down 106.65
points or 1.01%, touching a high of 10,552.05 and low of 10,229.10 during intraday trade on Friday.
BSE Sensex was trading at 52,121.20 down 202.13 points or 0.39% and Nifty50 at 15,624.45 down 66.95 points or 0.43%.
Ashok Leyland was down 3.6% at Rs116.80 per piece. M7M shed over 2.7% at Rs783.65 per piece. Motherson Sumi and Tata Motors declined nearly 2% each at Rs235 per piece and Rs339.20 per piece respectively.
Amara Raja Batteries, Bosch, Exide India and MRF also traded lower in the range of 1.6% to 1%. Bharat Forge, TVS Motor, Hero MotoCorp, Maruti and Balkrishna Industries were also trading lower.
Bajaj Auto bucked the trend to advance over 1.5% at Rs4,116.25 per piece. Eicher Motors also gained 1% at Rs2,700.65 per piece.