What to Watch. Will rate cut reflect in auto cos’ sales figures?

Analysts and traders will keenly watch the sales figures of automobile majors, such as Maruti Suzuki, Tata Motors, M&M, Ashok Leyland, Hero MotoCorp, Bajaj Auto and TVS Motor. The Reserve Bank on September 29 had cut the key repo rate by a bigger-than-expected 50 basis points to 6.75 per cent. Subsequently, several banks reduced their interest rates but by varying quantum. If the companies show better sales numbers, their shares will react positively.