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Auto stocks extend gains; Nifty Auto index surges 20% in three days

M&M, Maruti Suzuki India, Bajaj Auto, Hero MotoCorp, Tata Motors and Motherson Sumi Systems from the Nifty Auto index were up in the range of 8 per cent to 11 per cent.

auto sector slowdown, automobiles, auto industry, automakers

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Prior to April 3, in one month, the Nifty Auto index slipped 35 per cent, as compared to a 28 per cent decline in the Nifty 50 index.

SI Reporter Mumbai

3 min read Last Updated : Apr 09 2020 | 1:05 PM IST

Shares of automobile companies were trading higher for the third straight day on Thursday with the Nifty Auto index rallying 20 per cent in the past three days on value buying.

Mahindra & Mahindra (M&M), Maruti Suzuki India, Bajaj Auto, Hero MotoCorp, Tata Motors and Motherson Sumi Systems from the Nifty Auto index were up in the range of 8 per cent to 11 per cent on the National Stock Exchange (NSE).

At 12:17 pm, Nifty Auto index, the top gainer among sectoral indices, was up 7.8 per cent, as compared to a 3.4 per cent rise in

Topics : Coronavirus Lockdown Nifty Auto Buzzing stocks Markets Sensex Nifty

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