GST rate cut hopes drive nearly ₹1 lakh crore rally in Nifty auto stocks

14 out of the 15 constituents of the Nifty Auto index closed with sharp gains, led by Maruti Suzuki, which surged 8.8% to ₹14,068 apiece, its biggest intraday jump in the last five years. The rally boosted the combined market capitalization of the 14 auto stocks by nearly ₹1 lakh crore. 

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