Robust demand outlook ahead of the upcoming festive season, improvement in semi-conductor supply, and declining raw material prices prompted fund managers to buy auto and auto-component stocks like Mahindra & Mahindra, Bharat Forge, Hero Motors, TVS Motors, and Samvardhana Motherson International.
Fund managers also took fresh exposure to companies in the electronic manufacturing space. Analysts said global electronic manufacturing companies are diversifying their vendor base by giving orders to Indian companies.