Auto stocks outperform on normal monsoon hopes; Bajaj Auto, M&M up 1%

Auto stocks continued  to trade firm in an exceedingly weak market on hopes that higher than traditional monsoon would drive demand for two-wheelers and tractors among others.

At 11:45pm, the S&P mad cow disease Sensex was down thirty four points at twenty six,833 and also the Nifty50 was commerce fourteen points lower at eight,224.  Meanwhile, the broader markets have outperformed the benchmark indices with mad cow disease Midcap and Smallcap indices up zero.3%-0.4% each. Market breadth remained positive with 1224 gainers and 945 losers on the mad cow disease.

The government on Monday a slew of reforms regarding foreign direct investment and asserting easier terms for investors in sectors starting from civil aviation to prescribed drugs.

Foreign portfolio investors turned web sellers in equities to the tune of Rs 537.46 large integer on Monday, as per tentative information discharged by the stock exchanges.

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