Tata Motors, Maruti Suzuki Among Top Losers; Nifty Auto Plunges Over 4%

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Tata Motors, Maruti Suzuki Among Top Losers; Nifty Auto Plunges Over 4%
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Stocks of Nifty Auto were trading in red in the last session of the week, amid heavy selling pressure seen in the Indian equity market, following weak global cues and the emerging concern over the newly detected Covid-19 variant.

While Nifty Auto closed after plunging 4.34% at 10,759.6, all the stocks listed on the index ended the session in red, nosediving up to 7%, except Amara Raja Batteries (NS: AMAR ), which ended on an almost muted result.

Tata Motors (NS: TAMO ) declined the most, slipping 6.61% to Rs 460.2/share, followed by Ashok Leyland (NS: ASOK ), slipping over 6% to Rs 125.65/share. 

The Indian equity benchmark indices Nifty50 and BSE Sensex 30 too witnessed a bloodbath today, with the 50-scrip index giving away 509.8 points or almost 3% to end at 17,026.45, and Sensex falling 2.87% to 57,107.15 on Friday.

Heavyweight stock Bajaj Auto (NS: BAJA ) also slid 1.7%, ending the session at Rs 3,334.6 apiece. 



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