Sensex up by 30 points, Auto sector is moving on up side.
M&M Finance shares were up around 3 percent to Rs 1147. According to a report in The Economic Times, more than two-thirds of non-banking finance companies will be out of business if the Usha Thorat panel recommendation on minimum asset size of Rs 25 crore is implemented. Such a development could benefit the larger and more established NBFC players by way of reduced competition. Bajaj Finserv was the other notable gainer in the NBFC space, up around 2 percent to Rs 920.
Tata Motors shares were up 2 percent to Rs 312 on a report in the Mint that Tata Nano was among the top 10 best selling cars of 2012.
M&M Finance shares were up around 3 percent to Rs 1147. According to a report in The Economic Times, more than two-thirds of non-banking finance companies will be out of business if the Usha Thorat panel recommendation on minimum asset size of Rs 25 crore is implemented. Such a development could benefit the larger and more established NBFC players by way of reduced competition. Bajaj Finserv was the other notable gainer in the NBFC space, up around 2 percent to Rs 920.
Tata Motors shares were up 2 percent to Rs 312 on a report in the Mint that Tata Nano was among the top 10 best selling cars of 2012.