Auto stocks witnessed significant selling pressure as Nifty declined by 1.27% (-285.75 points) to 22,259.30. M&M was the biggest loser in the auto sector, falling 4.43% to ₹2,605.85. Ashok Leyland also saw a significant drop of 3.83%, closing at ₹216.80. TVS Motor declined 3.07%, ending the session at ₹2,267.05.
Maruti Suzuki fell by 2.73% to ₹12,042.15, while Tata Motors slipped 2.14% to ₹634.70. Bajaj Auto was down 1.01%, closing at ₹8,149.35. Hero MotoCorp also declined by 0.80% to ₹3,729.65. Eicher Motors witnessed a marginal drop of 0.27% to ₹4,922.35.
Ola Electric declined by 1.42% to ₹56.11, while Hyundai bucked the trend, gaining 2.07% to ₹1,758.75, standing out as the only gainer in the auto segment.
The auto sector mirrored the broader market’s negative sentiment, with selling pressure observed across the board.
Disclaimer:
This article is for informational purposes only and should not be construed as financial advice. Investors are advised to consult their financial advisors before making any investment decisions.