Nifty Auto index up, BharatForg Tops

Key benchmarks continue to trade on a positive note this Monday  early afternoon with the Nifty adding 82 points and is trading at 10,854 mark, while the Sensex up by 285 points at 35,943.24 at around 2.30 pm.

Nifty auto is up 0.89 percent with gains from Bharat Forge, TCS Motors, Mother son Sumi, Ashok Leyland, Exide Industries,  Tata Motors and Mahindra & Mahindra.

Bank Nifty is also trading higher by 0.93 percent led by Federal Bank, Yes Bank, Axis Bank, SBI, PNB among others.

Nifty pharma is trading up by 1.21 percent led by Dr Reddy's Labs, Divis Labs, Sun Pharma, Cadila Healthcare, Cipla, Biocon rising upto 2.21 percent.

Nifty energy is up 1.45 percent led by Reliance infrastructure which jumped over 3.65 percent followed by Hindustan Petroleum Corp, Reliance, Tata Power grid and ONGC.

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Force Motors shares trade higher post June sales numbers

Shares of Force Motors Ltd continue to gain during the early afternoon hours of trade on Thursday, on the back of Company’s production & sales data for the month of June.

The Company sold a total of 2,669 vehicles in June 2018 as against 2,466 vehicles in June 2017, clocking growth of about 8% on Year-on-Year (YoY) basis. The Automaker’s sales for the first quarter of FY19 increased 5% on YoY to 6,772 vehicles.

At 2:25 pm on Thursday, share price of Force Motors was quoting at Rs. 2,487.00 per share, up Rs. 90.25 or 3.77% on BSE. The scrip opened at Rs. 2,434 and touched an intraday high of Rs. 2,510 per share on BSE. Meantime, BSE benchmark was trading up 3.34 points to 35,648.74 and the NSE Nifty50 was up 2.30 points to 10,772.20.

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