MARKET EYE-Tyre makers rally on fall in rubber prices

Wed Dec 5, 2012 12:13pm IST

Related Topics

Stocks

   
Inside the Peshawar school

Inside the Peshawar school

The aftermath inside the Pakistan school where at least 132 students and nine staff members were killed by Taliban gunmen.  Pictures 

* Shares of tyre makers including Apollo Tyres gained
tracking a fall in the price of key raw material rubber, which
constitutes nearly 40 percent of the tyre production cost.
* Rubber futures have fallen 6.4 percent in previous
five trading sessions.
* Apollo Tyres is up 2.13 percent, Ceat Tyres gains 2.4 percent,
MRF adds 4 percent, while JK Tyres & Industries
 rises 2.8 percent.
* Rubber's peak production season has started in December and
will continue till February. Carry forward stock of imports with
tyre companies have risen after a drop in vehicle sales.

 (manoj.dharra@thomsonreuters.com/siddesh.mayenkar@thomsonreuter
s.com)
FILED UNDER:

Economic Pulse

REUTERS SHOWCASE

Hope for SpiceJet

Hope for SpiceJet

Former SpiceJet owner leading rescue plan: reports.  Full Article 

Oil Prices

Oil Prices

Oil rallies above $60, heads for 4th weekly decline on glut.  Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Reuters Exclusive

Reuters Exclusive

Google aiming to go straight into car with next Android – sources.  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage