Equity benchmarks remained rangebound in noon trade with the Nifty hovering around 8640 level. HDFC Group and metals stocks continued to support the market while healthcare and technology stocks were under pressure.
India's second largest commercial vehicle maker Ashok Leyland reported solid growth in October sales, driven by medium & heavy commercial vehicle (M&HCV) segment.
The company sold 12,533 units during the month (the highest sales since March 2016), higher by 28 percent compared with 9,803 units sold in year-ago period.
M&HCV sales grew by 33 percent to 9,574 units while light commercial vehicle segment registered a 13 percent growth at 2,959 units on yearly basis. Ashok Leyland beat Nomura estimates that had expected 10.2 percent growth for the month gone by.
