Auto stocks down upto 3 per cent on NGT order

Auto stocks fell by as much as 3 per cent today after the National Green Tribunal (NGT) ordered that diesel-run vehicles will not be registered in Delhi.
Tata Motors fell by 2.92 per cent, Mahindra & Mahindra was down 1.92 per cent and Bajaj Auto slipped 1.21 per cent on BSE.
Shares of Hero MotoCorp dipped by 0.88 per cent and Maruti Suzuki was down 0.34 per cent.
Subsequently, the BSE auto index fell by 1.71 per cent to end at 17,822.20.
Meanwhile, in the broader market, the benchmark BSE Sensex ended 207.89 points down at 25,044.43.
"The near 2 per cent fall in auto stocks after the National Green Tribunal's directive added more legs to the fall which has been on since the start of this month," said Anand James, Co Head Technical Research Desk, Geojit BNP Paribas Financial Services Ltd.

In a significant interim measure to curb alarming pollution level, the National Green Tribunal today ordered that diesel-run vehicles will not be registered in Delhi and there will be no renewal of registration of such vehicles which are more than 10-year-old.