Nifty Auto jumps over 2%; Maruti, TVS Motor, Ashok Leyland, M&M among top gainers. Why are auto stocks rising?
New Delhi, June 25 -- Most auto stocks traded with healthy gains in morning trade on Thursday, 25 June, driving their sectoral index Nifty Auto to the higher orbit. The index jumped over 2% during the session, looking set to snap its two-day losing run. On a weekly basis, the index is up for the third consecutive week, and on a monthly basis, it is up for the third consecutive month.
On Thursday morning, major auto stocks, such as Maruti, TVS Motor, Ashok Leyland, Mahindra and Mahindra, Hero MotoCorp, and Eicher Motors, rose more than 2% each.
Other stocks in the Nifty Auto pack, including Samvardhana Motherson International, Tata Motors Passenger Vehicles, Bajaj Auto, and Bharat Forge, also rose 1-3%.
The auto stocks are witnessing bu...
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