Share market update: Auto stocks down ahead of RBI's policy outcome

NEW DELHI: Rate sensitive auto stocks were trading in the negative zone in Thursday's session ahead of RBI policy meet outcome.

Shares of Ashok Leyland (down 1.07 per cent), Hero MotoCorp (down 1.00 per cent), Mahindra & Mahindra (down 0.92 per cent) and Tata Motors (down 0.82 per cent) were trading in the red.

TVS Motor Company (down 0.67 per cent), Amara Raja Batteries (down 0.64 per cent), MRF (down 0.58 per cent) and Exide Industries (down 0.42 per cent) too were trading lower.

The Nifty Auto index was trading 0.39 per cent down at 8267.70 around 09:44 am.

Benchmark NSE Nifty50 index was down 45.65 points at 11,976 while the BSE Sensex was down 97.26 points at 39,986.28.

Among the 50 stocks in the Nifty index, 14 were trading in the green, while 36 were in the red.

Shares of DHFL, YES Bank, Vodafone Idea, GAIL, Bank of Baroda, Federal Bank, SBI, PNB, IDBI Bank and ZEEL were among the most traded securities on the NSE.

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