Indices trading higher on Fridays’ trade since buying momentum picks across many sectors including Metal, Bank, Realty, and FMCG. IT stocks lose as rupee gains, with Infosys shares declining by 1.5 percent. Banking stocks flourish with PNB, YES Bank gaining around 3%.
The Nifty Auto index was trading 0.96% up at 11,264. Shares of Apollo Tyres, Eicher Motors, Maruti Suzuki India, Bharat Forge, Motherson Sumi, Bajaj Auto and Mahindra & Mahindra were also on the green.
Auto stocks such as TVS Motors, Tata Motors, Ashok Leyland, Tata Motors (DVR) and Exide Industries were trading up between ranges 1.97% to 1.52 % in Friday’s trade.
Among the 51 stocks in the Nifty50 index, 41 stocks were trading in the green, while 9 nos were trading in the red.