Sensex gains; auto shares, Sun Pharma up
Reuters Market Eye - The BSE Sensex is up 0.27 percent while the Nifty gains 0.2 percent.
Tata Motors (TAMO.NS) gains 1.9 percent, up for a fourth day, after stronger-than-expected November sales at Jaguar Land Rover (JLR) reduced concerns about the outlook for the key unit of the Indian auto maker.
Sun Pharmaceutical Industries (SUN.NS) gains 2 percent after it said on Monday Caraco Pharmaceutical Laboratories Ltd. (Caraco), its wholly-owned subsidiary, has acquired URL generic business from Takeda Pharmaceutical Company (4502.T).
Caution also prevails ahead of the RBI policy review. India's central bank is expected to keep interest rates on hold.
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The Congress party was headed for a bruising defeat in key state elections, including in the capital, early results showed on Sunday, underlining the struggle it will face to cling to power in a national election due by May. Full Article