Shares of tyre manufacturers fell after R Prasad, a member of Competition Commision of India (CCI), told CNBC-TV18 that a probe on tyre companies was underway and an order was likely in the next 10 days.
Shares in Apollo Tyres fell 1.6%, while CEAT fell 1.8%.
Eleven cement companies were slapped with USD 1.1 billion in fines on June 22 for price fixing, a record penalty from India's increasingly assertive anti-trust regulator.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
