Sensex, Nifty trade in a narrow range; Maruti falls on weak auto sales

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Benchmark indices were trading in a narrow range, with the Nifty holding 9600-mark.

The Sensex was up 20.95 points at 31166.75, while the Nifty was down 3.20 points at 9618.05. The market breadth was positive as 1,338 shares advanced against a decline of 929 shares declined, and 137 shares were unchanged.

Country’s largest car maker Maruti Suzuki sold 1.37 lakh units in May, higher by 11.3 percent over a year-ago month, which was way below analysts’ expectations. The growth was led by its best selling cars Alto, Baleno & WagonR, and also by utility vehicles like Vitara Brezza and Ertiga.

The company sold 1.23 lakh units in the corresponding month of last year.

Domestic sales during the month grew by 15.5 percent to 1.31 lakh units compared with same month previous year but exports fell sharply by 36.3 percent to 6,286 units year-on-year.

Maruti said its passenger car sales increased 8.7 percent year-on-year to 95,047 units in the month gone by.

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