Benchmark NSE Nifty50 index was down 14 points at 10,197, while the BSE Sensex was 27 points down at 33,229. The Nifty Auto was trading 0.67 per cent up at 11,132 around on Tuesday with Motherson Sumi Systems BSE 3.35 % (up 3.40 per cent) as the top gainer. Shares of Motherson Sumi Systems rose after reports emerged that the company was set to acquire Reydel Automotive Group (Reydel) for $201 million. As per media reports, the acquisition is intended to enable both companies to capitalise on new opportunities in their existing and new geographies, as well as within each other's customer portfolios. For more information please visit : www.paceresearchindia.com and Call : 8817774774Tuesday, 3 April 2018
Auto Index In The Green; Motherson Sumi Leads The Pack Of Gainers
Benchmark NSE Nifty50 index was down 14 points at 10,197, while the BSE Sensex was 27 points down at 33,229. The Nifty Auto was trading 0.67 per cent up at 11,132 around on Tuesday with Motherson Sumi Systems BSE 3.35 % (up 3.40 per cent) as the top gainer. Shares of Motherson Sumi Systems rose after reports emerged that the company was set to acquire Reydel Automotive Group (Reydel) for $201 million. As per media reports, the acquisition is intended to enable both companies to capitalise on new opportunities in their existing and new geographies, as well as within each other's customer portfolios. For more information please visit : www.paceresearchindia.com and Call : 8817774774
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