Quick Wrap: Nifty Auto Index registers a drop of 3.62%, NIFTY Crashes 1.14%

Nifty Auto index closed down 3.62% at 8420.35 today. The index has lost 5.00% over last one month. Among the constituents, Tata Motors Ltd dropped 17.58%, Tata Motors-DVR fell 14.35% and MRF Ltd shed 4.98%. The Nifty Auto index has decreased 26.00% over last one year compared to the 3.47% spike in benchmark Nifty 50 index. In other indices, Nifty Metal index has slid 3.36% and Nifty PSE index has dropped 2.21% on the day. In broad markets, the Nifty 50 has slid 1.14% to close at 10943.6 while the SENSEX has slid 1.15% to close at 36546.48 today.

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