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D-Street Buzz: Nifty auto shines; Tata Motors, Ashok Leyland, M&M jump 4-10%

Tata Motors was the top gainer, surging over 10 percent followed by Ashok Leyland, Mahindra & Mahindra and TVS Motor Company.

May 13, 2022 / 01:01 PM IST

The Indian stock market recovered smartly on May 13 after taking a huge beating the previous day, with the Sensex up 687.28 points, or 1.3 percent, at 53,617.59, and the Nifty jumping 224.40 points, or 1.42 percent, at 16,032.40 in the afternoon trade.

Among sectors, the auto index jumped 4 percent led by Tata Motors, which surged more than 10 percent, a day after it shared its March quarter earnings.

Tata Motors reported a consolidated net loss of Rs 1,032 crore for the quarter ended March, down from a net loss of Rs 7,605 crore in the year-ago quarter.

The company reported an 11.5 percent year-on-year decline in consolidated revenue from operations to Rs 78,439 crore for the reported quarter.