BSE Sensex extends gains to 3 pct; autos lead
Reuters) - The BSE Sensex extended gains to 3 percent on Tuesday, tracking firmer global markets and as a strong growth outlook for Asia's third-largest economy boosted sentiments.
Auto makers led the gains after top car makers Maruti Suzuki and Tata Motors posted a rise of 15.5 percent and 12 percent, respectively, in February sales.
The government's move to not raise excise duty on cars in the budget on Monday also lifted the sector.
At 1:49 p.m. (0819 GMT), the 30-share BSE index, or Sensex, was trading up 3.1 percent at 18,378.06 points, with all but one of its components advancing.
The 50-share NSE index was up 3.2 percent at 5,502.80 points.
(Reporting by Bharghavi Nagaraju; Editing by Aradhana Arav
JITENDRA KUMAR SINGH
PGDM-2
Auto makers led the gains after top car makers Maruti Suzuki and Tata Motors posted a rise of 15.5 percent and 12 percent, respectively, in February sales.
The government's move to not raise excise duty on cars in the budget on Monday also lifted the sector.
At 1:49 p.m. (0819 GMT), the 30-share BSE index, or Sensex, was trading up 3.1 percent at 18,378.06 points, with all but one of its components advancing.
The 50-share NSE index was up 3.2 percent at 5,502.80 points.
(Reporting by Bharghavi Nagaraju; Editing by Aradhana Arav
JITENDRA KUMAR SINGH
PGDM-2
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