A maturing market amid the mayhem
Auto index rises
The BSE Auto index gained over 4 percent on Tuesday in a broader market that ended 2.09 percent higher at 16,772.
The rise in the BSE Auto index was led by MRF, BOSCH, Tata Motors and M&M.
Shares in Tata Motors rallied more than 12 percent on Tuesday afternoon as investors cheered strong sales growth in February. Shares in the counter ended at 797 rupees.
Mahindra & Mahindra also saw its February sales rising by around 40 percent from a year earlier. Shares in the counter ended 4.6 percent higher at 1,054 rupees.
Do you think rising sales indicate an uptrend in the sector?