Auto and ancillary company shares zoom on tariff reprieve hopes

The Nifty Auto index ended 3.4% higher on Tuesday, against benchmark Nifty’s gains of 2.2%. Samvardhana Motherson International was the top performer on the index, up 8%, followed by Balkrishna Industries, Bharat Forge and Tata Motors, which gained 4.5-7% each.

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