The Sensex today is up by around 215 points (1.1%), while the NSE-Nifty is up by around 64 points (1.1%). Mid and small cap stocks are also trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 1.1% and 0.8% respectively. The rupee is trading at Rs 51.95 to the US dollar.
Auto stocks have opened the day on a firm note with Tata Motors, TVS Motors, Force Motors, Eicher Motors and Bajaj Auto leading the gains. As per a leading financial daily, India's leading passenger vehicle manufacturer Maruti Suzuki has increased prices across all its models by around 1%. As such, the price hike ranges from Rs 2,500 to Rs 5,250 for various models. The price hikes have been brought into effect to counter the adverse impact of foreign exchange fluctuation and rising cost of inputs. Maruti sells a wide variety of passenger cars ranging from M800 priced around Rs 2.04 lakh to the luxury sedan Kizashi with a price tag of about Rs 17.5 lakh. Apart from Maruti, other automobile players that have raised prices include Audi, Mahindra & Mahindra (M&M), Renault, General Motors (GM) India and Honda Cars.