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131359Equity gauges in the red, auto stocks suffer most
Mumbai (Maharashtra), Mar 30 (ANI): Equity benchmark indices traded weak during early hours on Monday in line with Asian peers as fears mounted over the rising cases of coronavirus and economic impact of lockdown in most parts of the world. At 10:15 am, the BSE SandP Sensex was down by 575 points or 1.93 per cent to 29,241 while the Nifty 50 edged lower by 178 points or 2.06 per cent to 8,482. Except for Nifty IT and pharma, all sectoral indices at the National Stock Exchange were in the red with Nifty auto down by 4.1 per cent, metal and realty by 3.4 per cent each, PSU bank by 2.4 per cent and financial service by 2.9 per cent. Among stocks, Bajaj Finance was the top loser after clocking a loss of 9.04 per cent to Rs 2,312.60 per share. Mahindra and Mahindra fell by 6.5 per cent, Eicher Motors by 6.3 per cent, Maruti Suzuki by 4.3 per cent and Bajaj Auto by 4.2 per cent. The other prominent losers were Bajaj Finserv, JSW Steel, Tata Steel, ONGC and UPL. However, Cipla, Axis Bank, Te