Shares of Indian automakers rally up as GST Council reduces tax
The shares of Indian automakers sharply surged on Thursday, after the GST Council approved tax rate cuts. The Nifty Auto index also saw a jump, hitting its highest point in nearly 11 months at over 26,700. Mahindra & Mahindra shares gained nearly 6% while shares of Eicher Motors, TVS Motor, and Hero Motocorp witnessed a surge.