It looks like Indian auto stocks were running out of fuel after a prolonged journey that saw them achieve new milestones and deliver impressive performances. The sector had been on a remarkable upward trajectory for months, consistently reaching new heights and capturing investor attention.
Nifty Auto Index
Sensex, Nifty Extend Losses Dragged By Banks; Nifty Auto Index Poised For Worst May In Six Years
Gold Silver Reports (GSR) – Market Check: Sensex, Nifty Extend Losses Dragged By Banks – Indian equity benchmarks extended losses dragged by banking heavyweights like ICICI Bank, State Bank of India, Yes Bank and Kotak Mahindra Bank. The S&P BSE Sensex fell 0.37 percent or 128 points to 35,038 and the NSE Nifty 50 index declined 0.33 percent or 35 points to 10,653.