Stock market update: Nifty Auto index falls 0.42%

Stock market update: Nifty Auto index falls 0.42%
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The Nifty Auto index closed 0.42 per cent down at 13262.65.

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: The Nifty Auto index closed on a negative note on Thursday.

Shares of TVS Motor Company(up 1.76 per cent), Bharat Forge(up 1.18 per cent), Bajaj Auto(up 0.98 per cent), TIINDIA(up 0.81 per cent) and Escorts Kubota(up 0.31 per cent) ended the day as top gainers in the pack.

On the other hand, Balkrishna Industries(down 2.94 per cent), Eicher Motors(down 1.45 per cent), Tata Motors(down 1.4 per cent), Mahindra & Mahindra(down 1.25 per cent) and Sona BLW Precision Forgings(down 0.99 per cent) finished as the top losers of the day.

The Nifty Auto index closed 0.42 per cent down at 13262.65.

Benchmark NSE Nifty50 index ended down 30.15 points at 18052.7, while the BSE Sensex stood down 69.68 points at 60836.41.

Among the 50 stocks in the Nifty index, 25 ended in the green, while 23 closed in the red.

Shares of YES Bank, PNB, UCO Bank, and were among the most traded shares on the NSE.

Shares of , , , Rites and hit their fresh 52-week highs in today's trade, while , Cyber Media Research & Services Ltd., , and hit their fresh 52-week lows.

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