Indian shares hit record closing high, automakers benefit

December 20, 2017

Indian-indexes-marked-recordIndian indexes marked record closing highs on Tuesday, driven by automakers as regional markets gained at the prospect of passage of a major U.S. tax bill, while the victory of Prime Minister Modi’s party in key state elections continue to boost sentiment.

The BSE index rose 0.7 % to end at 33,836.74, while the broader NSE index ended 0.72 % higher at 10,463.20.

Both the indexes advanced a fourth straight session.

Automakers such as Maruti Suzuki India Ltd and Mahindra and Mahindra Ltd rose as much as 5.9 % and 2.6 % respectively to hit all-time highs.


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