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

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

Shares of Amara Raja Batteries (up 2.45 per cent), Hero MotoCorp (up 1.25 per cent), Exide Industries (up 1.05 per cent) and Bajaj Auto (up 1.03 per cent) were the top performers in the index.

Tata Motors (up 0.74 per cent), TVS Motor Company (up 0.74 per cent), Motherson Sumi Systems (up 0.73 per cent) and Maruti Suzuki India (up 0.72 per cent) too were trading higher.

The Nifty Auto index was trading 0.39 per cent up at 8513.75 around 09:50 am.

Benchmark NSE Nifty50 index was up 7 points at 11,650.95 while the BSE Sensex was up 26.35 points at 38,903.47.

Among the 50 stocks in the Nifty index, 25 were trading in the green, while 25 were in the red.

Shares of Vodafone Idea, YES Bank, SAIL, Tata Motors, Indiabulls Housing Finance, Bank of Baroda, Bharti Airtel, SBI, Ashok Leyland, Ambuja Cements, DLF, Zee Ent., BPCL, BEL and ICICI Bank were among the most traded shares on the NSE.