The Auto index finally ended with a loss of 4.5% at 5,677.
All the auto stocks ended in the red today with Escort leading the fall at Rs 72- down 8%.
Sensex stock, Tata Motors slumped 7% to Rs 418. Maruti Suzuki and Hero Honda dropped 5.5% each to Rs 1,364 and Rs 1,519, respectively. Mahindra & Mahindra slipped 4% to Rs 882.
Ashok Leyland tumbled 6% to Rs 34. Amtek Auto shed 4.5% to Rs 141.
Cummins India, Exide Industries, Bharat Forge, Bajaj Auto and Bosch slipped 1-4% each.
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(Updated at 1248 hrs)
The Auto index has slipped for the second consecutive day on the back of profit taking.
The index has dropped 2% to 5,832 today. Earlier in the day, the index had opened at 5,915 and touched a high of 5,925. It fell 1.5% to a low of 5,827 and is now trading near its low. However yesterday it slipped 1% to 5,940.
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The index had surged 5% to 5,070 on July 17, 2009 after Bajaj Auto reported a 67% jump in Q1 net profit. From there the index zoomed 18.5% in 12 trading days to touch the 6,000-mark.
The Sensex stocks are the biggest losers in the index today. Tata Motors has dropped 3% to Rs 436. Around 598,738 shares have been traded on the BSE so far.
Maruti Suzuki has also dropped 3% to Rs 1,398 with trades of over 47,000 shares. Mahindra & Mahindra and Hero Honda have slipped 2% each to Rs 897 and Rs 1,571, respectively.
Bosch, Amtek Auto, Bharat Forge, Ashok Leyland and Exide Industries have also declined over 1% each.
However, Apollo Tyres has added 3.5% to Rs 44. MRF has gained 2.5% at Rs 4,767 while Escorts is up 1.5% at Rs 79.