Nifty Auto Index Plunges Over 3% on Weak Sales Data
The Nifty Auto index fell more than 3% intraday, becoming the biggest sectoral loser. Shares of automobile companies experienced heavy selling pressure, with weak September sales numbers from key automakers weighing on sentiment.
New Delhi, Oct. 1 -- Shares of automobile companies came under heavy selling pressure on Thursday, with the Nifty Auto index plunging more than 3% intraday to emerge as the biggest loser among sectoral indices. Weak September sales numbers from key automakers weighed on sentiment, while the governm…