Sensex heading for fourth day of gains; auto leads

Reuters Market Eye - The benchmark BSE Sensex is up 0.32 percent, while the broader Nifty gains 0.31 percent, heading for their fourth consecutive day of gains.

Tata Motors Ltd climbs 7.8 percent after unit Jaguar Land Rover said on Tuesday it sold 31,611 vehicles in July globally - its best ever in that month, an increase of 21 percent versus the same period last year.

Bajaj Auto Ltd shares gain 2.2 percent after India's second-largest motorcycle maker, said on Tuesday the workers' union at its Chakan plant in western India has called off a strike that started in end-June.

Tata Steel Ltd shares jump as much as 8.95 percent after the company's quarterly profit nearly doubled as costs fell sharply, making up for a dip in sales. Shares in the company are up 3.6 percent at 2.22 p.m.

 

Tata Consultancy Services Ltd gains 1.5 percent, tracking a weak rupee and optimism about its earnings outlook.

(Reporting by Abhishek Vishnoi)