Auto stocks drive markets northwards
DSIJ Intelligence / 07 Dec 2017
Major automobile makers, who are also index heavyweights, were trading higher on Thursday, lending support to the benchmarks indices. Nifty50 regained 10,100 level, while BSE Sensex was at 32,800 level.
Major automobile makers, who are also index heavyweights, were trading higher on Thursday, lending support to the benchmarks indices. Nifty50 regained 10,100 level, while BSE Sensex was at 32,800 level.
Auto majors, Maruti was trading at Rs. 8,743.90 per share, up 1.67 per cent, Bajaj Auto was at Rs. 3,160.00, up 1.65 per cent, Hero Motor was at Rs. 3550.0, up1.42 per cent, Bosch was at Rs. 19,550.00, up 2.09 per cent during morning trade on Thursday.
Earlier, the French automobile maker was in news for consulting with auto component companies in India indicating its plans to rollout its smart car project in the India in the next few years. French company PSA Group had bought the brand and assets of Hindustan Motors. The Indian vehicle market is expected to scale 5 million cars mark by 2020.