Free Stock tipsLatest NewsTop NewsTop Stocks

Auto Stock Lead, Nifty Auto index Scale Higher

Top Auto Stocks

The key benchmark indices carried on their trading with strong gains in the morning session, Wednesday. trade. At 10.40-am, the front line BSE Sensex, was up 169 points at 40,990, while the broader Nifty stood at 12089.65, up by 52 points

Among the Nifty pack of stocks, the front runners were Yes bank, TataMotors, M&M, Zeel and Maruti. In the Flipside, Cipla, L&T, ICICI Bank, Infratel and Airtel slipped among others.  Take best Nifty stock Tips from the experts.

The Auto index of the Nifty rose 1.65-pc for the time following the news that Cabinet’s approval is anticipated for the scrappage policy confirmation in today’s scheduled meeting. To elaborate, the Ministry (Road Transport & Highways) outlined a draft note on scrappage policy for vehicles older than fifteen years. The policy nutshell was reportedly sent to the govt for approval.

The entire constituents in the Nifty Auto index were picking up momentum from the morning. Effectively, shares of Tata Motors, Bharat Forge went up over 3%, followed by Ashok Leyland, Mahindra, Maruti, HroMotor Copr, TVS Motors, Eicher and so on were up between 1.5-2.5 percent. Get the best stock Tips from the experts.