 "Auto shares in demand; S&P BSE Auto index zooms over 400 points")
Shares of automobiles companies are in demand with the Bombay Stock Exchange (BSE) S&P BSE Auto index surge more than 400 points, on expectation of robust sales in the ongoing Diwali season.
Hero MotoCorp, Bajaj Auto, Tata Motors, Maruti Suzuki India, Mahindra and Mahindra (M&M) and Eicher Motors are up 1-3.5% on the BSE.
At 1215 hours, S&P BSE Auto index has gained 2.3% or 409 points at 17,911 points compared to 0.72% or 192 points rise in S&P BSE Sensex. The auto index touched high of 17,922 in intra-day trade.
Hero MotoCorp today said that the company expects to clock close to 1.5 lakh in retail sales on October 21, 2014, Dhanteras, which will be a 40-50% growth over the sales on Dhanteras day last year.
Shares of the two-wheeler maker, was the largest gainer, up 3.5% at Rs 3,100 on BSE. The stock touched a record high of Rs 3,114 in intra-day trade today.
Bajaj Auto and Tata Motors are up 3% each at Rs 2,493 and Rs 515 respectively, while Maruti Suzuki (India) and M&M up 2% each at Rs 3,140 and Rs 1,285 respectively.
Hero MotoCorp, Bajaj Auto, Tata Motors, Maruti Suzuki India, Mahindra and Mahindra (M&M) and Eicher Motors are up 1-3.5% on the BSE.
At 1215 hours, S&P BSE Auto index has gained 2.3% or 409 points at 17,911 points compared to 0.72% or 192 points rise in S&P BSE Sensex. The auto index touched high of 17,922 in intra-day trade.
Hero MotoCorp today said that the company expects to clock close to 1.5 lakh in retail sales on October 21, 2014, Dhanteras, which will be a 40-50% growth over the sales on Dhanteras day last year.
Shares of the two-wheeler maker, was the largest gainer, up 3.5% at Rs 3,100 on BSE. The stock touched a record high of Rs 3,114 in intra-day trade today.
Bajaj Auto and Tata Motors are up 3% each at Rs 2,493 and Rs 515 respectively, while Maruti Suzuki (India) and M&M up 2% each at Rs 3,140 and Rs 1,285 respectively.