Auto stocks have been witnessing traction after the Finance Minister Nirmala Sitharaman announced measures to boost the sector
Most auto stocks were trading with decent gains in morning trade on August 27, keeping their sectoral index in the green
The BSE auto index traded 1.61 percent higher at 16,048.24 around 1010 hours (IST) and looked on course to extend its gaining spree into the third consecutive session.
Among the total 16 components in the index, only one - Cummins India - was in the red at that time.
Ashok Leyland, Tata Motors, Mahindra & Mahindra, Hero MotoCorp and Maruti Suzuki gained significantly.
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