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Auto stocks drive Sensex, Nifty to record closing high

19 December, 2017

Indian indexes marked record closing highs on Tuesday, driven by automakers as regional markets gained at the prospect of passage of a major U.S. tax bill, while the victory of Prime Minister Modi’s party in key state elections continue to boost sentiment.

The BSE Sensex rose 0.7 percent to end at 33,836.74, while the broader NSE Nifty ended 0.72 percent higher at 10,463.20.

Both the indexes advanced a fourth straight session.

Automakers such as Maruti Suzuki India Ltd and Mahindra and Mahindra Ltd rose as much as 5.9 percent and 2.6 percent respectively to hit all-time highs.

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Auto stocks drive Sensex, Nifty to record closing high

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