Stock market update: Nifty Auto index falls 2.96%

Stock market update: Nifty Auto index falls 2.96%
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The Nifty Auto index closed 2.96 per cent down at 10500.45.

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
NEW DELHI: The Nifty Auto index closed on a negative note on Wednesday.

Shares of MRF(up 0.73 per cent), Amara Raja Batteries(up 0.13 per cent) and TIINDIA(up 0.12 per cent) ended the day as top gainers in the pack.

On the other hand, Maruti Suzuki(down 6.01 per cent), Bajaj Auto(down 4.48 per cent), Hero MotoCorp(down 4.3 per cent), TVS Motor Company(down 3.18 per cent) and Eicher Motors(down 3.15 per cent) finished as the top losers of the day.

The Nifty Auto index closed 2.96 per cent down at 10500.45.

Benchmark NSE Nifty50 index ended down 187.95 points at 16605.95, while the BSE Sensex stood down 778.38 points at 55468.9.

Among the 50 stocks in the Nifty index, 15 ended in the green, while 35 closed in the red.

Shares of Vodafone Idea, YES Bank, Coal India Ltd, PNB and Suzlon Energy were among the most traded shares on the NSE.

Shares of Kalyani Commercials, Madhya Bharat Agro, InfoBeans Tech, GNFC and Mangalam Global Ent hit their fresh 52-week highs in today's trade, while Dr. Reddys, Richa Info Systems Ltd., SoftTech Engineers, Felix Industries and Hind Nat Glass hit their fresh 52-week lows.

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