Auto stocks decline amid EU trade deal concerns
pre-market1 source ↓written by the desknot a recommendation
- fell
- 4.19%
- on the BSE
- 4.02%
- auto index decreased
- 0.97%
- 58,980.72
Auto stocks faced pressure as Mahindra & Mahindra fell 4.19% and Hyundai Motor India dropped 4.02% on the BSE. The decline follows the conclusion of a free trade agreement with the EU, raising competitive concerns. Other notable losers included Maruti (-1.48%) and Tata Motors (-1.22%).
The BSE auto index decreased 0.97% to 58,980.72, reflecting broader market worries about increased competition in the sector.
Not investment advice. For informational purposes only.