Nifty, Sensex Recover Their Losses, Auto Stock Up

Benchmark indices reversed their trends during afternoon trade, wiping out losses from mid-morning session.

During the afternoon hours at around 2.40pm, the Sensex is trading well above at 37195 up by 177 points and the Nifty zooms at 11016-mark, up by 36 points.

Barring metal, media and realty, all the sectoral indices witness buying pressure.

Nifty Auto index is currently up by 1.07pc at 6,929.40, led by gains in TVS Motors, Bajaj Auto, Maruti, Eicher Motors, HeroMOto corp, TataMotors, M&M, Bharat Forg, Bosch and MRF, between 0.50 to 4.34% in range.
However, JK Tyre falls 13.48% on weak Q1 results, the stock hit its new One-Year low.

Metal stocks falls on trade war worries. Jindal Steel, JSW Steel, Hindustan Zinc, Vedanta hit one-Year low.

Among the Nifty-50 scrip, 29 stocks are trading higher and the rest 21 stocks are trading lower.

Among the stocks that touched their one year low today on the NSE include Aarti Drugs, Alkali Metals, Apollo Tyres, Andhra Sugars, Arvind Fashions, Atul Auto, Ashok Leyland, Bharat Heavy Electrical, Bank of India, Gail India and Hindustan Motors.

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