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A maturing market amid the mayhem

Auto Index rises


Shares of major auto players rose on Wednesday, pulling the BSE Auto Index up 2.2 percent.

Shares in Mahindra & Mahindra ended 6.1 percent higher at 971 in a market that ended 1.2 percent up. Trade in the counter stood at 0.4 million shares.

The other gainers in this sector included Tata Motor (up 4 percent), Bharat Forge (up 5.8 percent) and Escorts (up 4.5 percent).

Data showed car sales in India increased an annual 21 percent in September for their eighth straight rise, aided by festival spending and easier availability of loans.

Auto index drops over 4 pct


The BSE auto index on Thursday continued its downward trend from the previous session, closing 4.43 percent down.

Losses in automakers such as Mahindra & Mahindra, Tata Motors and Maruti Suzuki pushed the Sensex down in the last hour of trade.