INDIA BUDGET-Auto index extends gains to 3 pct

Newswire

MUMBAI, Feb 26 (Reuters) - The BSE Auto index extended gains to over 3 percent on Friday as investors had already factored in the rise in excise duty on large cars and vehicles in the federal buget, analysts said. Finance Minister Pranab Mukherjee said the 2 percentage point excise duty cut that was part of the stimulus package last year would be rolled back to 22 percent. The rise was lower than expected, analysts said. Full coverage of Budget 2010 at ...

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