Benchmark Slips Nifty trades below 24,150 mark in choppy session. Sensex down 588 points (0.72%) to 81,659. Auto sector profit booking after two-day rally weighs on indices significantly
Auto Sector Bleeds Nifty Auto index crashes 1.15% to 28,362. M&M down 4.12%, Force Motors slumps 5%, TVS Motor falls 4.33%. Maruti, Eicher, Bajaj Auto all in red zone
Profit Booking Intensifies Auto stocks had rallied 1.47% over previous two sessions. Current decline erases recent gains. Investors book profits amid crude oil uncertainty, geopolitical tension persistence
Crude Oil Overhang Brent crude volatility impacts auto sector sentiment. Higher fuel costs squeeze margins for automakers, commercial vehicle operators. Input cost pressure triggers caution among investors broadly
Market Breadth Weak 2,441 stocks decline vs 1,505 advancing on BSE. VIX jumps 4.82% to 13.69, signaling increased nervousness. Maximum put OI at 25,000 strike suggests support, but bears gaining control short-term