Shares of three two-wheeler makers rose by 1% to 3.74% at 10:34 IST on BSE on anticipation of pick up in two-wheeler sales backed by good monsoon and upcoming festive season.
TVS Motor Company (up 3.74%), Hero MotoCorp (up 2.96%) and Bajaj Auto (up 1%),
The S&P BSE 231.35 points, or 1.17% at 19,964.11.
Marketmen expect a pick up in two-wheeler sales during the upcoming festive season. The festive season starts with the Durga Puja in October, which is followed by Dussehra and Diwali.
A sharp rise in rural incomes and farm wages on the back of a good monsoon and bumper harvest bolstered hopes for an incremental consumption spend from rural India.
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