Auto Stocks Surge 2% as Nifty Auto Rebounds; M&M, Maruti Lead Gains After Recent Fall

• Nifty Auto index jumped 2% on Tuesday, extending its rebound for a second consecutive session.
• The recovery follows a sharp 15.7% fall in the index over 10 sessions from February 26 to March 13.
• Mahindra & Mahindra rose 2.9% and Maruti Suzuki advanced over 2%, leading broad-based gains.
• Broader market also firmed up, with India VIX declining over 7%, indicating easing volatility.
• Tata Motors' commercial vehicle business shares gained after announcing a price hike from April 1 to offset rising costs.