Auto stocks surge up to 5.3 percent
- Country:
- India
Auto stocks surged up to 5.3 percent following the government's decision to exempt electric vehicles and automobiles run on alternative fuels from permit requirements.
Shares of Hero MotoCorp soared 5.27 percent, Bajaj Auto 5.06 percent, Motherson Sumi Systems 4.15 percent, Mahindra & Mahindra 4.12 percent.
Besides, TVS Motor Company stock rose 3.68 percent, Bharat Forge 2.87 percent, Tata Motors 2.80 percent and Ashok Leyland 1.54 percent on BSE.
Led by gains in these stocks, the BSE auto index went up 2.07 percent to end at 24,704.04.
Hero MotoCorp and Bajaj Auto were the top gainers in the Sensex pack.
In the broader market, the BSE Sensex spurted 147 points to end at 38,389.82.
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