The Nifty Auto index declined near 1.5percnet on Monday during afternoon hours session as selling pressure was seen in AshokLeyland, TataMotors, Amara Raja Batteries, Exide Industries and Bharat Forge by 1.95 to 3.65% in range..
However, Apollo Tyres jumped 8% which is the one major index gainer in NSE Auto index. Also MRF is trading marginally up by 0.2% at Rs.54,716.20
The NSE Nifty Auto index was down 1.53% at 7,908-levels. Ashok Leyland slipped near 4.62%, Tata Motors tanks 3.5% and Bharat Forg falls 2.94% as top falling components.
The Sensex was trading at 39,938.66, down 513points, while the Nifty was trading lower 162 points at 11,660 levels at 3.20pm.