The Nifty Auto stocks were trading on a gloomy tone due to market selling pressure. The NIFTY Auto Index is intended to reflect the performance and behavior of the Indian vehicle industry. A troubling trend is currently affecting equity benchmarks, which is counteracting the sector's advances.
Nifty Auto was trading at 10,10,726.75 at 11:53 a.m., down 27.65points or 0.26 percent. During early trading hours on Wednesday, the index hit an intraday high of 10,772.25 and a low of 10,679.40.
The top laggard on the list box was Ashok Leyland, which fell 1.90 percent to Rs126.10 apiece, followed by Bharat Forge, which fell 1.44 percent to Rs730.80 apiece. Maruti Suzuki was also down 0.72 percent at Rs7,114.60 apiece, while Tata Motors was down 0.67 percent at Rs350.35 per piece.
BalKrishna (-1.16%), Exide (-1.11%), Eicher Motors (-1.02%), TVS Motor (-0.96%), and Amara Raja Batteries (-0.93%) were all in the red.
Motherson Sumi, on the other hand, was the top bull, rising 0.63 percent to Rs247.50 per item on the index.
With a base date of January 1, 2004, and a base value of 1000, the NIFTY Auto Index is calculated using the free-float market capitalization approach.