 "Tyre stocks gain on declining rubber prices")
Tyre stocks including Ceat India, Dunlop India, JK Tyre and Industries have gained after the key Tokyo Commodity Exchange rubber contract touched a five-week low, weighed down partly by weak Chinese service sector data. The rubber prices fell approximately 30% in 2014 and hit five-year lows.
Ceat India has surged 3% to Rs 445 on the BSE. The stock opened at Rs 433, touched a high of Rs 448 and a low of Rs 433 on the BSE thus far. Over 51,044 shares were traded on the BSE so far.
Dunlop India has surged 4.9% to Rs 9 on the BSE. The stock opened at Rs 8.7, touched a high of Rs 9.17 and a low of Rs 8.5 on the BSE thus far. Over 61,230 shares were traded on the BSE so far.
JK Tyre & industries has surged 2.4% to Rs 236 on the BSE. The stock opened at Rs 233, touched a high of Rs 241 and a low of Rs 232 on the BSE thus far. Over 152,673 shares were traded on the BSE so far.