After opening the day on a positive note, share markets in India have continued the momentum and are trading comfortably above the dotted line. Apart from stocks in the metals sector and stocks in the power sector, all sectoral indices are trading on a positive note. Stocks in the realty sector and stocks in the FMCG sector are leading the gains.

The BSE Sensex is trading up by 198 points (up 0.7%), and the NSE Nifty is trading up by 44 points (up 0.5%). Meanwhile, the BSE Mid Cap index is trading up by 0.3%, while the BSE Small Cap index is trading up by 0.7%. The rupee is trading at 64.51 to the US$.

In news from stocks in the auto sector. Tata Motors share price was in focus today as the company reported a 9% year-on-year (YoY) rise in global sales in March.

The company clocked in total sales in March, including that of Jaguar Land Rover (JLR) vehicles, at 129,951 units. The company had sold 118,750 units in the same month last year.

In the passenger vehicles category, global sales stood at 87,355 units last month as against 73,515 units during the same period in 2016, up 19%.

However, sales of commercial vehicles declined by 6% to 42,596 units as against 45,235 units in the year-ago month. Notably, commercial vehicle sales had also fallen on a YoY basis in February 2017.

Improved consumer sentiments, waning effect of notebandi and aggressive push by the market players has led to recovery of Small & Light Commercial Vehicles (S&LCV) segment volumes, this month, it added. The volumes were mostly driven by a positive buyers’ sentiment couple of months out of notebandi, and investments ahead of the feared price rise in the new fiscal.

On the other hand, sales of luxury brand Jaguar Land Rover grew 11% to 71,609 units in March compared to 64,579 units in the same month 2016.

The company also released cumulative passenger vehicle wholesales for FY 2016-17. Tata motors recorded 757,994 units (including JLR) in global sales in FY 2016-17.

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