Maruti Suzuki shares hit all-time high

The shares of Maruti Suzuki India, India's largest passenger car maker, rose 2.63 per cent on Wednesday to hit an all-time high of Rs 4,155 apiece on the BSE.

Foreign brokerage Credit Suisse had released a note pointing to a higher weightage in benchmark indices such as MSCI, on account of higher overseas investment limit from October.

A higher weightage would translate into greater demand for the shares of the company, as fund houses seek to adjust their portfolios, which are benchmarked against such indices. The stock is up 33 times since its listing in 2003.