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    Stock market update: Nifty Auto index advances 0.3% in a weak market

    Synopsis

    The Nifty Auto index was trading 0.3 per cent up at 14822.1.

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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 traded positive around 10:04AM(IST)on Thursday in a weak market.

    Samvardhana Motherson International(up 1.28 per cent), Mahindra & Mahindra(up 0.92 per cent), TIINDIA(up 0.77 per cent), Eicher Motors(up 0.73 per cent) and Bharat Forge(up 0.45 per cent) were among the top gainers.

    TVS Motor Company(down 0.47 per cent), Balkrishna Industries(down 0.3 per cent), Bosch(down 0.23 per cent), Bajaj Auto(down 0.2 per cent) and Tata Motors(down 0.09 per cent) were the top losers on the index.

    The Nifty Auto index was up 0.3 per cent at 14822.1 at the time of writing this report.

    Benchmark NSE Nifty50 index was down 2.8 points at 18854.05, while the BSE Sensex was down 51.19 points at 63471.96.

    Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red.

    Shares of Alok Industries, Vodafone Idea, Suzlon Energy, Reliance Power and IDFC First Bank were among the most traded shares on the NSE.

    Shares of Responsive Ind., Crayons Advertising, Blue Chip India, Industrial Invst and Aether Industries hit their fresh 52-week highs in today's trade, while Sri Adhikari, Sindhu Trade, Cerebra Integrat, Viji Finance and Lexus Granito(India)hit fresh 52-week lows in trade.
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