BUZZ-Indian auto stocks fuel gains in Nifty 50; Mahindra tops

-0.62%

-0.24%

+0.23%

+7.93%

Dow Jones Industrial Average DJI	48114.26	-0.62%
S&P 500 index SPX	6800.26	-0.24%
NASDAQ IXIC	23111.46	+0.23%
MAXUS REALTY TRUST INC MRTI	77.00	+7.93%

** India's Nifty auto index .NIFTYAUTO trades 1.1% higher, leading gains among 16-major sub indexes

** Benchmark Nifty 50 index .NSEI rises 0.4% over U.S.-India trade negotiations optimism and ahead of the Federal Reserve's rate decision .BO

** Mahindra and Mahindra MAHM.NS climbs 1.2%, followed by Maruti Suzuki MRTI.NS and TVS Motor TVSM.NS, up ~1% and 1.2%

** Auto companies are seeing early signs of demand recovery on improved sentiment ahead of goods and services tax cuts, analysts at Nomura said

** The cuts have translated into immediate benefits for buyers and firms are reporting stronger enquiries, surge in bookings and an improved outlook for festive demand - Nomura

** MAHM is Nomura analysts' top pick

** The auto index is up ~18% so far in 2025 vs 6.5% rise in Nifty 50

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

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