Mumbai (Maharashtra), Sept. 6 -- : Equity markets traded with a positive bias on Friday with auto stocks and select private banks ranking among top outperformers.

The BSE S&P Sensex closed 337 points higher at 36,982 while the Nifty 50 edged up by 98 points to 10,946.

At the National Stock Exchange, Nifty auto gained by 2.6 per cent to close at 7,102. A day earlier, Union Road Transport and Highway Minister Nitin Gadkari had said at the 59th annual SIAM Convention that he will recommend a reduction of Goods and Services Tax to help the auto sector come out of a prolonged slump. He also said that India will not ban petrol and diesel vehicles.

Consequently, auto companies cheered the announcements. Maruti Suzuki gained 3.87 per cent on Fri...