Tata Motors picks up the pace 2.9% to Rs 500.5 on BSE after the company's British luxury unit Jaguar Land Rover (JLR) reported a 30% high in retail sales in US in December 2016.
JLR, on 4th 2017, announced its US retail sales for the month of December 2016. The company’s US sales marked 30% high to 12,573 units in De 2016 over Dec 2015. Land Rover sales declined 2 percent to 8,279 units in December 2016 over December 2015.
Meanwhile, the S&P BSE Sensex was up 210 points or 0.79 percent at 26,843 at 1.15 pm, today. On the BSE, 3.03 lakh shares have been traded so far as against the average daily volumes (ADV) of 5.40 lakh shares in the past one quarter.
Sun Pharma gained 2 percent after the Company declared successful Phase 3 confirmatory clinical trial results for Seciera for the treatment of dry eye disease.
In Global outlook, Asian stocks edged higher strengthened by a firm Wall Street. Further, MSCI's broadest index of Asia-Pacific stocks outside Japan gained 0.2 percent for the eighth consecutive session of profits. China's Shanghai Composite was higher 0.1 percent while Hong Kong's Hang Seng added 1.1 percent, and Japan's Nikkei bucked the trend to lose 0.3 percent.
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