India’s tyre makers gain; rubber prices hit near 1-week low

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** Apollo Tyres Ltd up 3 pct, Ceat Ltd rises 3.2 pct, while MRF Ltd gains 1.4 pct

** Tokyo-listed benchmark TOCOM rubber futures fell as much 3.4 percent to a near one-week low of 157.2 yen, after Asia crude prices inched down on Monday, amid worries over a global oil glut

** Natural rubber makes up for a significant portion of the cost of tyre and a fall may improve companies’ margins