References trade at minor discounts; auto stocks fall

Major stock barometers traded with minor dips in mid-afternoon trading. The Nifty traded above the 17,900 mark. Auto stocks fell for the second consecutive session.

As of 2:25 p.m. IST, the barometer index, the S&P BSE Sensex, was down 92.91 points or 0.15% at 60,167.22. The Nifty 50 index lost 26.60 points or 0.15% to 17,917.65.

In the broader market, the S&P BSE Mid-Cap Index rose 0.29% while the S&P BSE Small-Cap Index gained 0.32%.

Market breadth was positive. On BSE, 1,851 shares rose and 1,512 shares fell. A total of 141 stocks remained unchanged.

Numbers to follow:

The yield on India’s benchmark 10-year federal paper rose to 7.248 from 7.182 at the close of the previous trading session.

In the foreign exchange market, the rupee was weaker against the dollar. The partially convertible rupee was hovering at 79.6725, compared to its close of 79.4500 in the previous trading session.

MCX Gold futures for the October 5, 2022 settlement rose 0.37% to 51,734 rupees.

The US dollar index (DXY), which tracks the value of the greenback against a basket of currencies, rose 0.21% to 106.80.

In the commodities market, Brent crude for October 2022 settlement fell 41 cents or 0.44% to $91.93 a barrel.

Zoom Index:

The Nifty Auto Index slipped 0.66% to 13,107.10. The index lost 1.08% in two sessions.

Sona BLW Precision Forgings (down 4.12%), Tube Investments of India (down 2.89%), Bosch (down 1.88%), Bharat Forge (down 1.72%) and were the main losers.

Other losers included Escorts Kubota (down 0.9%), Ashok Leyland (down 0.85%), Tata Motors (down 0.54%), Bajaj Auto (down 0.39 %) and Maruti Suzuki India (down 0.34%).

Mahindra & Mahindra (M&M) lost 1.17%. M&M said total auto production was 54,822 units in July 2022, which is 28% higher than the 42,963 units produced in the same period last year.

Actions in the spotlight:

Dilip Buildcon gained 1.43% to Rs 247.50. The company said its joint venture Dilip Buildcon-Skyway Infraprojects (DBL-SIPL) has signed an EPC agreement with Madhya Pradesh Jal Nigam Maryadit, Bhopal (MP). The cost of the project is Rs 1,400.04 crore.

Datamatics Global Services gained 0.86%. The company said it has entered into a long-term strategic partnership with AccessFares to enhance the customer experience for the latter’s premium international airfare services.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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