Auto index stocks on the BSE witnessed a turnaround, with the stocks of companies having a dominant share in the petrol vehicles segment, seemed to shrug off the fuel hike blues, both in two- wheeler and four-wheeler space.
But the stocks of some auto component manufacturers witnessed selling pressure with the stocks posting minor losses.
Maruti Suzuki was the major gainer, with the scrip up by Rs 25.20 to Rs 1,128.90. Hero MotoCorp moved up to Rs 1865, a gain of Rs 15.65.
But Bajaj Auto, M&M and Tata Motors made only marginal gains. Bajaj Auto was up by Rs 3.30 at Rs 1,516, M&M gained Rs 3.75 at Rs 658 and Tata Motors was trading at Rs 280.15, a gain of Rs 3.55.
Many auto component stocks, though, shed value. Bharat Forge was down by Rs 1.55 at Rs 317.05, Cummins India shed Rs 5.65 at Rs 437.05 and Exide Industries lost Rs 1.75 at Rs 123.85.