Wednesday, October 29, 2014

Auto Index Nears 52-Week High; Tata Motors, M&M Shine

car-sale_295x200_81410332358 Sharemasterindia.com: The CNX auto index gained over one per cent, close to its year high of 8,175.7 on Wednesday supported by buying in heavy weights like Tata Motors, Hero MotoCorp and Mahindra and Mahindra.
Tata Motors gained nearly 3 per cent to a day high of rupee“>Rs. 524.75 as recent fall in diesel prices and an improved economic outlook will support the company in achieving higher sales of commercial vehicles and passenger vehicles. Other commercial and passenger vehicle manufacturer Mahindra & Mahindra was also up over 2 per cent at Rs. 1,305.
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