Quick Wrap: Nifty Auto Index registers a drop of 0.76%

Nifty Auto index closed down 0.76% at 16777.3 today. The index has added 2.00% over last one month. Among the constituents, Balkrishna Industries Ltd dropped 5.56%, Mahindra & Mahindra Ltd shed 2.04% and TVS Motor Company Ltd slipped 1.62%. The Nifty Auto index has increased 31.00% over last one year compared to the 7.57% spike in benchmark Nifty 50 index. In other indices, Nifty Media index has slid 0.60% and Nifty IT index gained 0.60% on the day. In broad markets, the Nifty 50 has slid 0.19% to close at 19694 while the SENSEX has slid 0.21% to close at 65655.15 today.

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