Auto stocks in top gear; auto index up 6% in two weeks

Hero MotoCorp, Apollo Tyres, Motherson Sumi Systems hit new highs during intra-day trade on Monday

Shares of auto and auto-related companies continued to remain in top gear for the 10th consecutive day, with both S&P BSE Auto and Nifty Auto indices hitting their respective record highs on Monday.

In the past 10 trading sessions, the S&P BSE Auto and Nifty Auto indices have rallied 6% as against 2% rise in the benchmark indices, the S&P BSE Sensex and Nifty50.

Among individual stocks, Maruti Suzuki India, Mahindra & Mahindra (M&M), Hero MotoCorp, Tata Motors, Eicher Motors, Ashok Leyland and Bharat Forge from the auto