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Tyre stocks spurt after rubber prices fall

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JK Tyre & Industries (up 4.80%), (up 4.38%), Dunlop India (up 4.23%), CEAT (up 2.71%), (up 2.42%) and (up 1.10%), edged lower.

The Sensex was up 68.49 points, or 0.35% to 19,416.61.

The benchmark rubber contract on the Tokyo Commodity Exchange for May delivery fell 0.6%, or 1.6 yen to settle at 262.10 yen ($3.19) per kg. Natural rubber is a key raw material in tyre manufacturing.

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