Indian auto firms gain; Hero MotoCorp up 3.5 pct

Written by Reuters | Updated: Oct 22 2014, 17:23pm hrs
Shares of Indian automobile companies gain sharply. Traders say sentiment is high as strong sales expected in the festive season. Hero MotoCorp said it expected 40-50 percent higher sales in Dhanteras, considered an auspicious day for buying and making investments. Hero shares up 3.44 percent to hit an all-time high. Maruti Suzuki (India) Ltd adds 1.9 percent and Mahindra and Mahindra is up 0.9 percent.