Shares of tyre makers surge by up to 17%

MRF rose by 3.98 per cent,while Apollo Tyres went up by 2.95 per cent.

Natural rubber prices fell by Rs 6 to hit a nearly three month low of Rs 210 per kg in line with the fall in prices in the global markets.

Prices of rubber constitutes 40 per cent of the tyre production cost.

Meanwhile,the BSE benchmark index Sensex finished at 18,492.45 points,up 80.04 points.