Five auto stocks jump on GST relief buzz
Nifty Auto index surged nearly 4.5% to a 10-month high due to proposed GST cuts on small cars from 28% to 18%. This fuelled investor optimism, with Maruti Suzuki, Ashok Leyland, TVS Motor, Hero MotoCorp, and Mahindra & Mahindra all seeing significant gains and hitting new highs or strong peaks, reflecting renewed buying interest in the sector overall.