The Nifty Auto index witnessed a decline on October 4, closing down by 375.80 points or 1.43% at 25,926.30. Out of the total stocks in the index, two stocks advanced, and thirteen declined, reflecting a broad-based sell-off in the auto sector.
Top Gainers:
- Exide Industries (EXIDEIND): Among the limited gainers, EXIDEIND closed higher by 1.42%, ending at ₹503.40. The stock saw an active trading volume of over 80 lakh shares.
- Tata Motors (TATAMOTORS): TATAMOTORS also performed positively, rising by 0.85% to close at ₹933.55. It had a significant trading volume of approximately 1.91 crore shares, reflecting a value of ₹1,792 crores.
Top Losers:
- Bosch Limited (BOSCHLTD): The biggest loser of the day, BOSCHLTD, saw its share price fall by 1% to ₹36,750, registering a decline of ₹372.80.
- MRF: MRF was another significant loser, with its stock price declining by 1.91%, closing at ₹1,33,500. The company’s stock experienced a price drop of ₹2,604.34, although the trading volume was relatively low with just over 10,000 shares traded.
- Hero MotoCorp (HEROMOTOCO): HEROMOTOCO’s stock price fell by 2.10%, ending the session at ₹5,544. The company had a trading volume of over 9.43 lakh shares.
- M&M (Mahindra & Mahindra): M&M witnessed a significant drop, declining by 3.54% to ₹3,019. The stock had a considerable trading volume of over 42 lakh shares.
- Balkrishna Industries (BALKRISIND): BALKRISIND faced a fall of 3.53%, closing at ₹2,860. The trading volume stood at approximately 1.89 lakh shares.
Market Overview: The broader market witnessed pressure on auto stocks due to varied factors influencing investor sentiment. The auto sector has seen mixed performances, with most companies facing challenges, leading to a general downward trend. Despite some isolated gains by companies like Exide Industries and Tata Motors, the Nifty Auto index closed lower, reflecting cautious market sentiment towards the sector.
