Nifty above 25,100 level; auto shares gears up
The key equity benchmarks traded with minor gains in morning trade. The Nifty traded above the 25,100 level. Auto shares advanced after a fall in the previous session.
At 10:30 IST, the barometer index, the S&P BSE Sensex, added 86.72 points or 0.11% to 82,478.44. The Nifty 50 index rose 33.75 points or 0.13% to 25,137.55.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.28% and the S&P BSE Small-Cap index added 0.43%.
The market breadth was strong. On the BSE, 2,445 shares rose and 1,201 shares fell. A total of 187 shares were unchanged.
Buzzing Index:
The Nifty Auto index rose 0.83% to 23,956.55. The index shed 0.08% in the past trading sessions.
TVS Motor Company (up 2.26%), Hero MotoCorp (up 2.13%), Mahindra & Mahindra (up 1.78%), Balkrishna Industries (up 1.54%), Bajaj Auto (up 1.37%), Exide Industries (up 1.13%), Bharat Forge (up 0.69%), Bosch (up 0.67%), Eicher Motors (up 0.47%) and Tube Investments of India (up 0.46%) advanced.
Stocks in Spotlight:
Interarch Building Solutions rallied 1.66% after the company has received a purchase order worth Rs 45 crore from a prestigious Automobile Original Equipment Manufacturer (OEM).
Texmaco Rail & Engineering rose 2.89% after the company announced that it has received an order worth Rs 44.04 crore from Mumbai Railway Vikas Corporation (MRVC).
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