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    BAFNA MOTORS

    Stock market update: Nifty Auto index advances 0.87%

    The Nifty Auto index closed 0.87 per cent up at 25309.8.

    Stock market update: Nifty Auto index advances 0.41% in an upbeat market

    The Nifty Auto index was trading 0.41 per cent up at 25194.55.

    Bafna Motors sells 4-acre plot in Navi Mumbai’s Nerul to Greenscape IT Park

    Bafna Motors was liable to pay Rs 129 crore to United Bank of India and Rs 15 crore to Tata Motors Finance Solutions. It approached Greenscape IT Park LLP to repay these loans on its behalf. Greenscape IT Park LLP repaid these dues in August and has now acquired the land parcel. The deal attracted stamp duty of Rs 7.27 crore and was registered on August 28, shows the documents accessed through CRE Matrix.

    Stock market update: Stocks that hit 52-week highs on NSE

    Macpower CNC Machine, D P Wires, Upsurge Seeds of Agriculture Ltd., McLeod Russel and Shanthi Gears, hit their fresh 52-week highs at 11:20AM.

    Ahead of Market: 12 things that will decide stock action on Monday

    "If the index sustains above 17,018, it can extend the upswing towards 17,550 where a slew of resistance points are placed. However, the swift up move from the lows of 16,438 to a high of 17,170 in just three trading sessions can lead to some consolidation or profit booking," Mohammad said.

    Ahead of Market: 10 things that will decide D-St action on Monday

    Anand James, Chief Market Strategist at Geojit Financial Services, said that while major falls are not expected unless 16,485 gives away, the prospects of the same in the next week may rise should Nifty find unable to push beyond the 16,690-710 region.

    The Economic Times
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