Auto Shares Firm up Sensex Nifty Flat ; Tata Motors Relience , M&M up 1%

Auto shares emerged as the top gainers amid listless trade even as profit taking in select index heavyweights capped upside gains.

The S&P BSE Sensex was up 11 points at 25,861 and the Nifty 50 was unchanged at 7,866.

In the broader market, the BSE Midcap and Smallcap indices are up 0.3%-0.4% each.

Market breadth was strong with 1,297 gainers and 788 losers on the BSE.

BSE Metal index continued to be the top sectoral gainer followed by Auto index among others. IT and Consumer Durables indices were trading with marginal losses.

STOCKS IN FOCUS

Auto shares were top gainers amid renewed buying interest. Tata Motors and M&M were up 1% each while in the two-wheeler space, Bajaj Auto and Hero MotoCorp were up 0.3%-0.4% each.

Idea Cellular was up nearly 1% after the company announced the launch of fourth generation (4G) services in all four telecom service areas of South India on Wednesday.

Pharma shares also witnessed buying interest. Sun Pharma extended gains and was up 0.4% while Cipla and Lupin were up 0.7% each.

BSE Metal index was the top gainer up 1.1% followed by Healthcare, Auto and Capital Goods indices.

In the metal pack, Hindalco was up 1.4% while Vedanta gained 2.4%. However, Tata Steel witnessed profit taking and was trading flat.

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