Low impact
Auto shares rise 1.7% for a second day after record October sales
The Nifty Auto index rose 1.71% on 3 November. Maruti Suzuki gained 1.69% to ₹11,869 after reporting record October sales of 2,76,120 vehicles, about 25% higher than a year earlier. Bosch rose 3.2% after saying it would consider a bonus issue and share split. Bajaj Auto's Austrian unit Bajaj Mobility, which owns KTM, reported July–September revenue up 57% to €351 million and a return to operating profit.
The chain of consequences
- 1Record October vehicle sales
- 2Lower oil eases running-cost worries
- 3Nifty Auto rises 1.71%
- 4Maruti gains 1.7%
Tends to gain
Carmakers and two-wheeler makers
Tends to lose
None directly
If it reverses
A renewed oil spike or weak post-festival demand could reverse the gains.
Companies in this story
Other stories today
- Foreign investors buy a net ₹6,837 crore, the most in a single day since October 2025
- Brent settles at $103.60 after US strikes on Iran's Qeshm Island, as Qatar keeps talks alive
- US votes in midterm elections; 10-year bond yield rises to about 4.96%
- Consumer goods shares lead as Marico jumps about 10% after results
- Private banks rise 2%, state-run banks fall 1.3% as SBI reports results
- Reports of a capital gains tax review add to buying, but nothing is decided
- Power Grid falls 3%, the weakest Nifty share, as power utilities lag
- Defence shares extend rebound; BEL keeps its 15%-plus growth outlook
- Coal India reported to plan a $1 billion share sale in Mahanadi Coalfields
- Dr Reddy's rises 2% on HIV-prevention drug approval; Sun Pharma clarifies plant report
- Apollo Hospitals and NHPC report September-quarter results today