Auto sector stocks faced heavy selling pressure in early trade on Monday amid broader market carnage. As of 9:39 AM, the Sensex crashed 2,587.32 points (-3.43%) to 72,777.37, while the Nifty tanked 845.05 points (-3.69%) to 22,059.40.
Here’s how key auto stocks performed:
-
Tata Motors slumped 8.90% to ₹559.20
-
Ola Electric skidded 6.36% to ₹49.14
-
Bajaj Auto dropped 5.83% to ₹7,237.00
-
Hero MotoCorp lost 5.69% at ₹3,451.00
-
Hyundai fell 5.00% to ₹1,557.05
-
M&M slipped 4.14% to ₹2,489.00
-
TVS Motor declined 4.11% to ₹2,363.70
-
Maruti Suzuki fell 2.80% to ₹11,160.30
-
Ashok Leyland was down 2.76% to ₹199.48
-
Eicher Motors eased 2.47% to ₹5,118.25
Concerns over global economic stability, fears of rising tariffs between the US and China, and weakening domestic cues have together triggered widespread profit booking across auto counters. Traders anticipate further volatility in the near term as global markets continue to digest escalating trade tensions.
Disclaimer: The above views are based on official market data and public disclosures. Please make any and every investment decision after consulting your financial advisor.
