Experts attribute the high valuation of Indian auto makers to the faster growth in India compared to the rest of the world.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Markets closed the day in green on favourable domestic factors,
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
JLR is developing its own autonomous car technologies, which could one day trickle into Tata's more affordable people carriers.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
The broader markets are outperforming the benchmark indices.
A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
After years of losing money on two of the group's biggest bets - global steel business and domestic passenger cars - there are strong signs of a revival in both businesses.
In one of the biggest deals in the outsourced product development (OPD) market, audio and infotainment systems maker Harman International Industries will buy Indian-born serial entrepreneur Romesh Wadhwani's Symphony Teleca for $780 million (about Rs 4,800 crore at Friday's exchange rate of 61.4).
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
It is advisable to stick to mid-caps with sustainable financial metrics rather than those offering the promise of faster growth.
Leverage ratio falls to under 1; but group heavily dependent on TCS & Tata Motors.
A century-old European bicycle brand gets a makeover under its new Indian owner. But is there room for yet another premium commuter bike?
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
Some investors warned of a coming British or even global recession as sterling collapsed to hit its lowest since 1985.
Sensex ends lower; govt schemes in focus.
Sensex seems to be under pressure on weak cues.
Motherson Sumi, Tata Steel, Jaguar Land Rover will face higher cost.
Sensex may remain under pressure this week due to weak global factors.
23 Nifty companies reported an annual decline in net profit.
At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.
Given the better growth in JLR sales and improving domestic sales, nearly 90 per cent of the analysts covering the stock have a 'Buy' rating.
The government is scheduled to release index of industrial growth for November and consumer price inflation for December later today.
In the domestic market, the Tata Group has lost ground in the passenger car business.
Seeking to strengthen Indo-UK economic ties, Prime Minister Narendra Modi on Thursday arrived in Britain on his first visit to the country during which he will have a hectic schedule that will start with talks with his British counterpart David Cameron.
India and the United Kingdom are set to sign a "package of deliverables" during Prime Minister Narendra Modi's first visit here that will also see discussions over cooperation in sectors like nuclear energy and defence.
Will Maruti Suzuki Grand Vitara see a second innings in India?
The $100 billion Tata group conglomerate is a major beneficiary of the decision to open up aviation in India.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
Despite superior margins, JLR hasn't had a smooth ride in China.
Nano remains a cautionary tale of misplaced ambitions and a drag on profit.
The upbeat earnings from Reliance Industries will set the tone for the truncated week ahead
The 30-share Sensex is down 359 points at 26,378 and the Nifty has dropped 78 points to trade at 7,883
This is the car major's second coming in India.
Sensex gained nearly 0.4% or 96 points at 26087 level while Nifty ended up by 42 points or 0.5% at 7,791.40 level.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
There's a car and bike to match every personality and every budget in 2018, say P Tharyan and Joshua David Luther
The impact of the ban will not be limited to sales.
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