auto stocks

The other prominent gainers were UltraTech Cements, IndusInd Bank, Vedanta, ITC and Infosys. However, Dr Reddy's, Nestle India and ICICI Bank traded with a negative bias.

Reliance Industries fell by over 1 per cent to Rs 1,464.45 per share while metal majors Tata Steel and Hindalco slipped by 1.4 per cent and 1.06 per cent respectively.

The BSE S&P Sensex closed 396 points higher at 38,990 while the Nifty 50 gained by 133 points to wind up at 11,573. At the National Stock Exchange, all sectoral indices except for IT were in the positive zone.

Further, trade concerns emerged with Trump saying that he will not accept a bad deal in trade talks with China as the world's two largest economies meet in early October to end the long-drawn trade war.

Auto stocks were hit across the board with Tata Motors losing by 3.8 per cent, Maruti by 3 per cent and Eicher Motors by 2.3 per cent. Among the other prominent losers were JSW Steel, Zee Entertainment, GAIL, Bharti Airtel and UPL.

New Delhi: Equity benchmark indices were muted in early trading on Thursday with some selling pressure witnessed in heavyweight stocks...