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India Business News: NEW DELHI: Foreign portfolio investors (FPIs) have recently become net sellers in Indian stocks as they cumulatively sold stocks worth Rs 5,254 crore,.
Auto Sector: Decked up automobile showrooms of the city saw heavy rush of customers on the occasion to buy vehicles with most showrooms sold more than daily average sales.
Maruti Suzuki, Mahindra & Mahindra and Eicher Motor gained around 3% each, hitting new highs during the trading session. Battery maker Exide soared 16.8% to new record levels. TVS Motor rose 3.2%.
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Exide Industries surged 13 percent to hit a record high of ₹363.35 after South Korean auto giants Hyundai Motor Company and Kia Corporation announced a partnership with Exide Energy Solutions Ltd, a subsidiary of Exide Industries for electric vehicle battery localisation in India.