Auto shares in focus; Motherson Sumi, Varroc, Sharda Motor rally up to 10%

As of 10:09 AM, the S&P BSE Auto index was the top sectoral gainer up 1.1 per cent as compared to 0.31 per cent decline in the S&P BSE Sensex

Shares of automobiles and auto ancillaries companies were in focus in trades on Tuesday with Motherson Sumi Systems, Varroc Engineering, JBM Auto, VST Tillers Tractors and Sharda Motor Industries ralling up to 10 per cent on the BSE on expectation of improved outlook.

Maruti Suzuki India, Tata Motors, Hero MotoCorp, MRF, Mahindra & Mahindra were up in the range of 1 per cent to 3 per cent in an otherwise subdued market. At 10:09 am, the S&P BSE Auto index was the top gainer among sectoral indices up 1.1 per cent, as compared to 0.31 per cent decline in