Mumbai: Shares of Tata Motors on Thursday rose by nearly 5 percent, topping investors' buying list, on hopes of robust October sales number, helping the BSE benchmark Sensex log a gain of over 56 points.
Tata Motors scrip closed the day 4.89 percent higher at Rs 267.10 on the BSE. During the day, the stock zoomed up by 5.63 percent to Rs 269. The auto major was the top gainer among the 30-share Sensex and the 50-share NSE Nifty indices.
The scrip settled at Rs 266.05, up 4.44 percent on Nifty.
"Auto sector gained in today's trade after better-than-expected sales figure announcements," Nidhi Sarswat, Research Analyst, Bonanza Portfolio said.
After markets closed, Tata Motors reported 6 percent increase in its total vehicle sales to 71,771 units in October this year.
The company's domestic sales of 'Tata' branded commercial and passenger vehicles for October 2012 were at 68,145 units, up 6.74 percent, over 63,837 units in October last year.
Total passenger vehicle sales in the domestic market stood at 21,119 units in October, down 15.94 percent from 25,124 units in the same month last year.