Share markets in India are presently trading on a positive note. All sectoral indices are trading in green with stocks in the capital goods sector, power sector and metal sector witnessing maximum buying interest.

The BSE Sensex is trading up by 229 points while the NSE Nifty is trading up by 66 points. The BSE Mid Cap index is trading up by 1.6%, while the BSE Small Cap index is trading up by 1.5%.

The rupee is trading at Rs 71.22 against the US$.

In news from the energy sector, market participants are tracking Reliance Industries share price as the company is slated to release its September quarter results later today.

In early trade today, the company's market capitalisation breached Rs 9 trillion, the first by any Indian company to achieve the feat.

Reliance Industries was also the first company to reach Rs 8 trillion mark in August last year.

Moving on to news from the automobile sector, Tata Motors share price is in focus today. Shares of the company rallied up to 13% yesterday after the UK and European Union (EU) agreed on a new Brexit deal.

On Thursday, UK Prime Minister Boris Johnson in his tweet said, "we've got a great new deal that takes back control. Parliament should get Brexit done on Saturday so we can move on to other priorities like the cost of living, NHS, violent crime and our environment."

Tata Motors has exposure to the United Kingdom and reports state that Brexit was one of the reasons that impacted the company's earnings for many quarters.

Jaguar Land Rover (JLR), the UK subsidiary of Tata Motors, is one of Britain's largest automotive manufacturers. The company's performance had taken a hit owing to Brexit related uncertainties.

JLR has also decided to suspend all manufacturing operations in the UK for a week starting 4 November.

In other news, TVS Motors has reported 20% jump in its standalone net profit for the September quarter (Q2FY20) at Rs 2.6 billion. The company had posted a profit of Rs 2.1 billion in the same quarter last year.

Revenues were down 13% at Rs 43.5 billion versus Rs 49.9 billion in the same quarter previous year.

Earnings before interest, tax, depreciation and amortization (EBITDA) was also down 10.8% at Rs 3.8 billion versus Rs 4.3 billion.

On a consolidated basis, the company has reported 15.1% rise in its net profit at Rs 2.6 billion for the quarter under review as compared to Rs 2.2 billion for the same quarter in the previous year.

However, total income of the company decreased by 9.2% at Rs 49.7 billion for Q2FY20 as compared to Rs 54.7 billion for the corresponding quarter previous year.

TVS Motors share price is presently trading up by 3.5%.

Note that multiple factors have affected the auto sector of late. The liquidity crisis faced by NBFCs, regulatory changes leading to increased costs, new emission norms...they have all taken their toll.

Earlier this week, it was reported that Indian auto stocks remain among the most expensive in the world, even though the sector is going through one of its worst slowdowns in history.

India is the world's fourth largest automobile market, but sales have been falling since last year. According to IHS, the volume drop was the most after China in first half of 2019.

On 20 September, the government had reduced corporate tax rates from 30% to 22% to boost consumer demand and increase spending by private companies. The effective tax to be paid by the companies, including surcharge and cess, will be 25.17%.

However, in the euphoria of the government's tax rate cuts, an important announcement went unnoticed.

The road transport and highways ministry has proposed a huge increase in re-registration of vehicles which are more than 15 years old.

The proposed hike will be implemented from July 2020. The policy change is aimed at reducing pollution by scrapping older vehicles on the road.

As per Co-head of Research, Tanushree Banerjee, this might come as a welcome relief for automakers who have seen severe fall in sales over the past 1 year.

Signs of Revival in the Auto Sector