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Bumpy ride: Automakers hit reverse gear, BSE Telecom index down 2.9%

In comparison, the benchmark Sensex closed the session with losses of 1.26 per cent. This was the worst show by the auto index in the last three months

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Friday’s sharp correction breaks the momentum in the auto index, which had been one of the rally leaders since the March 2020 lows

Krishna Kant Mumbai

2 min read Last Updated : Jan 30 2021 | 1:05 AM IST

Automakers were among the top losers on the bourses on Friday.

The BSE Auto Index declined 2.95 per cent on Friday, and was the biggest sectoral loser with the exception of telecom operators.

The BSE Telecom index was down 2.97 per cent.

In comparison, the benchmark Sensex closed the session with losses of 1.26 per cent. This was the worst show by the auto index in the last three months.

Friday’s sharp correction breaks the momentum in the auto index, which had been one of the rally leaders since the March 2020 lows.

The auto index has more than doubled since March 23, 2020, against

Topics : Automakers automobile industry telecom sector Markets Sensex Nifty

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