Maruti Suzuki, Bajaj Auto and other auto stocks jumped as strong April sales data boosted investor sentiment. The rally lifted the Nifty Auto index by more than 1%, with gains led by major automakers outperforming expectations. Traders are now watching whether the sales momentum can extend beyond April and sustain the current optimism.
Indian markets extended gains for a second straight day on Tuesday, led by auto and FMCG stocks. Among the top movers were All Time Plastics, textile-linked names, Delta Corp, BlueStone, Ola Electric and Bajaj Holdings, reflecting a broad appetite for selective growth and value plays as investors tracked sector-specific catalysts.
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