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Auto shares in top gear; Nifty Auto index hit new high

Hero MotoCorp, Maruti Suzuki and Escorts hit record highs, while Exide Ind, JK Tyre and Tata Motors touched 52-week highs on the bourses.

SI Reporter  |  Mumbai 

Shares of automobiles companies including auto ancillaries and tyre firms are on a roll with the Nifty Auto index and S&P BSE Auto index hitting their respective new highs on the bourses amid robust sales in August. At 02:35 pm, Nifty Auto index and S&P BSE Auto index were up 1% each as compared to 0.48% rise in the benchmark indices.

Nifty Auto index hit a new high of 10,062 and S&P BSE Auto index touch a record high of 22,326 in intra-day trade on Friday. Hero MotoCorp, Maruti Suzuki India and Escorts hit record highs, while Exide Industries, JK Tyre & Industries and Tata Motors ...

First Published: Fri, September 02 2016. 14:51 IST
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