Vehicle sales across categories registered a decline of 8.62 per cent to 20,86,358 units from 22,83,262 units in May 2018.
Take out Maruti Suzuki and Honda, and the auto sector's prospects suddenly don't look all that rosy.
Reflecting the bearish mood, all sectoral indices, led by metal, teck and healthcare, ended in the negative zone.
Broader gains were capped as investors awaited corporate results from major firms
The broader NSE Nifty dipped below the 10,200-mark to hit a low of 10,180.25 before ending at 10,195.15, down by 165 points, or 1.59 per cent.
Higher input cost is likely to weigh on Auto sector's Q4 numbers.
IndusInd Bank was down nearly 1% even after it reported a 21% rise in its fourth-quarter profit
Analysts worry about possible loan waiver.
Analystsare showing optimism in Sensex EPS growth after double digit growth in the second quarter of current year.
Quite a few large- and mid-cap stocks are yet to recover from the note ban, pharma, banking and rural demand-based industries among laggards.
Financial shares were the top losers.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
In the Sensex pack, M&M was the biggest loser, tumbling by 6.66 per cent, followed by TCS dropping 4.14 per cent.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
Infosys was the top gainer in the Sensex pack, rising 2.36 per cent, followed by HDFC Bank up 1.39 per cent.
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
Coal India was the biggest gainer on both Sensex and Nifty
Coal India fell the most by 2.58 per cent among Sensex scrips, dragging the index into the negative zone.
Among Sensex constituents, HCL Tech suffered the most by diving 2.26 per cent, followed by HDFC shedding 2.10 per cent.
Yes Bank was the top gainer in the Sensex pack, surging 3.76 per cent, followed by SBI at 3.18 per cent.
Banking stocks felt the heat due to worries that the lending rate cuts will hit their bottom line
Sustained FII inflows and fresh spell of buying by domestic institutional investors fuelled the rally
The list of companies skipping dividends in FY19 includes some of the country's largest firms and industry leaders such Tata Motors, Avenue Supermart, Future Retail and Vodafone Idea, among others.
Small- and mid-cap stocks continued facing selling pressure due to stretched valuations.
India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
The NSE Nifty cracked below the 10,800-mark to hit a low of 10,753.05 intra-day, before closing at 10,762.45 with a loss of 59.40 points, or 0.55 per cent.
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
Analysts expect Bajaj Auto to perform well in Q1.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
Analysts expect earnings to become increasingly relevant given that the stocks have rallied on positive sentiment and the gush of liquidity. Macro factors, they suggest, have already led to a large re-rating in most counters
He said Bajaj Auto is a small company and it is wasteful to create expensive concepts
The session was marked by volatility and stock-specific action, even as the overall sentiment remains risk-averse, brokers said.
Both the indices ended at their highest levels since February 1.
A series of flip-flop on policies and a non-existent charging infrastructure are the biggest challenge in achieving the target of selling 6-7 million hybrid and electric vehicles by 2020.
The Mumbai-based brokerage has constructed India Family Firm Index out of listed companies.
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
Broader market outperformed the benchmark indices with S&P BSE Midcap gaining over 1%
Shiv Kapur, who could be one of the lucky few to get a chance to play with Tiger Woods on his private visit to India, feels the World's No. 1 golfer's coming to the country would make a huge impact.
Financial shares were among the top Sensex gainers along with auto and pharma shares.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances