Wednesday, December 2, 2009

Tata Motors and Maruti Suzuki shares shine in the early trade

Shares of Tata Motors an Maruti Suzuki shone at the early trade on Wednesday. Tata Motors jumped 4 per cent to Rs 730 on the BSE while Maruti Suzuki closed moved up 1.5 per cent at Rs 1,612. On the other hand, Mahindra and Mahindra dipped 1 per cent to Rs 1,066 and traded of 181,871 shares.


Banks and autos lead the rally in the day but continue the trend at the end. India's leading auto makers reported a record 63 per cent sales growth in the last month-November. Among the all leading auto companies, eight firms contributed over 90 per cent of the India's total domestic car sales. The sales figures is expected to do well in the coming days as a couple of international car companies are going to launch new vehicles in India like Volkswagen Beetle and Volkswagen Touareg on 4th December.

Overall, Sensex closed with a loss of 28.36 points at 17,169.91 points due to profit booking at the end of the day. The Sensex moved between 17,329 to 17,142 points during the whole day. A weak European opening added more trouble for the domestic market. On the other hand, the National Stock Exchange index Nifty closed flat with a gain of only 1.25 points at 5,123 points.

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