4-wheeler stocks hog limelight in today's trade; M&M up 1%

Shares of car companies including Tata Motors, Maruti Suzuki and M&M ended higher between 1-2% on the Bombay Stock Exchange (BSE) after Society of Indian Automobile Manufactures (SIAM) reported a jump in the domestic passenger car sales segment.

Domestic car sales increased by 7.73% to 1,60,067 units in May as against 1,48,577 units in the corresponding period last year.

Among the individual stocks, Tata Motors recently launched two models Zest and Bolt in the Sri Lankan market to strengthen its presence in the island nation. The stock gained 1.5%.

After launching, the most affordable automatic car, Celerio (petrol engine-powered hatchback) last year, the company has introduced the new diesel version of the car yesterday. Also, a falling yen has also helped the stock perform better. The stock ended higher by 1%.

Shares of M&M ended higher by 1% after Skymet reiterates its stand and is confident of a normal monsoon in 2015, with cumulative rainfall over the June-September period at 102% of the long period average (LPA), giving  a push to the sale of tractors.