Nifty gains, tracking global peers; auto stocks surge

Reuters Market Eye - The BSE Sensex gains 0.75 percent, while the Nifty adds 0.77 percent. The indexes are heading for their fourth straight day of gains.

Stocks track positive cues from Asia and the U.S. markets.

The Nifty is just a whisker away from the 8,000 level, last touched on Sept. 30.

Auto stocks gain as sales expected to peak in the festive season, traders say.

Hero MotoCorp Ltd gains 3.4 percent to hit an all-time high.

Heavyweight blue-chip stocks also gain. Reliance Industries climbs 1.6 percent, Larsen and Toubro adds 1.4 percent.

(Reporting by Indulal PM)