Nifty gains, auto stocks rally on earnings hopes

Mumbai: The Nifty gains 0.7 per cent, on way to snap a three-day losing streak. Asian stocks rise on Wall St surge, dollar steady after rebound. Auto stocks gain: Mahindra & Mahindra up by 3 per cent after April-June earnings beat estimates.

Tata Motors gains 2 per cent on optimism ahead of its quarterly earnings later in the day. Adani Enterprises jumps 4 per cent on April-June earnings.

Realty stocks jump after regulator approves REITs.