Markets test lower levels; auto stocks smashed

There are no gainers in the Sensex on Friday. Tata Motors and Mahindra & Mahindra have declined 6.3% each to Rs 454 and Rs 517. Ambuja Cements is down 5.4% to Rs 440. Reliance Infra and ICICI Bank are down 5% each. HDFC Bank, Jaiprakash Associates and L&T are down 4.5% each.