Auto stocks slide
Auto stocks were trading with losses, with the S&P BSE Auto index decreasing 1280.2 points or 4.99% at 24391.68 at 13:51 IST.
Among the components of the S&P BSE Auto index, Hero MotoCorp Ltd (down 7.75%), Tata Motors Ltd (down 7.38%),Ashok Leyland Ltd (down 5.85%),Balkrishna Industries Ltd (down 5.73%),Mahindra & Mahindra Ltd (down 5.09%), were the top losers. Among the other losers were Maruti Suzuki India Ltd (down 4.78%), Bosch Ltd (down 4.3%), Tube Investments of India Ltd (down 3.99%), Sundram Fasteners Ltd (down 3.3%), and MRF Ltd (down 3.27%).
At 13:51 IST, the S&P BSE Sensex was down 1796.87 or 3.14% at 55435.19.
The Nifty 50 index was down 587.1 points or 3.44% at 16476.15.
The S&P BSE Small-Cap index was down 1292.09 points or 4.8% at 25654.25.
The S&P BSE 150 Midcap Index index was down 373.01 points or 4.52% at 7879.3.
On BSE,225 shares were trading in green, 3109 were trading in red and 89 were unchanged.
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First Published: Feb 24 2022 | 2:00 PM IST