Market Wrap: Strong auto sales to weak PMI data all the headlines traders tracked

Tepid Thursday was the headline for the markets as the Nifty drifted below the 15700 mark to end the day near the lowest point. Here are the headlines traders were tracking-:

• Auto stocks took the lead with as sales numbers impressed D-Street and Bajaj Auto signalled a price hike coming up. Read Also: June Auto Sales
• Pharma stocks continued to be a traders favorite in the frontline and midcap zone. DRL & Sun Pharma top movers. 
• Tech stocks led the decline even as Dollar Index moved to the highest level since April 
• Buzzing Midcap: Info Edge rallied as peer PolicyBazaar was rumoured to be gearing for an IPO and Zomato got CCI nod for investment in Grofers. 
• Economic data was not encouraging; India's manufacturing PMI contracted for the first time in 11 months.