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Tyre makers' shares surge on weak rubber, bullish auto sales

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Reuters

Reuters Market Eye - Shares in tyre makers gain after traders note rubber prices hovering near their lowest levels in 4-1/2 years, with better monthly auto sales also helping sentiment.

Shares in Apollo Tyres Ltd gain 3.2 percent, while JK Tyre and Industries Ltd is up 5.2 percent.

Ceat Ltd adds 5 percent and MRF Ltd gains 1 percent.

(Reporting by Indulal PM)

 

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First Published: Aug 04 2014 | 2:25 PM IST

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