Nifty Auto jumps 1.5% — Ashok Leyland, Maruti Suzuki, Eicher Motors lead gains. What’s driving the rally?
Ashok Leyland led the rally with a 2.75% rise on Tuesday, while Maruti Suzuki and Eicher Motors advanced 1.67% each. The Nifty Auto index climbed as much as 1.6% to 27,556 during the session, with several auto counters gaining up to 3%, reflecting renewed investor confidence.
Mahindra & Mahindra, TVS Motor, and Tata Motors also traded higher, though their gains remained below 1%.
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