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Market move▲ Bullish for Indian equities
Nifty trades above 23,100 level; auto shares jump
The brief
- Nifty traded above 23,100
- Auto shares advanced after falling in the previous trading session
- The auto-sector rebound benefits Indian automakers, though the report gives no company-specific drivers
- Thar, Scorpio, XUV 7XO may get costlier as Mahindra weighs another SUV price hike
- Mahindra weighs another SUV price increase as commodity costs rise
- Tata Motors focuses on sedan amid mounting cost pressures
- Ather Energy to push for more exports
- Ather to restart dealership expansion in Nov-Dec, has 100 LOIs: CBO