After GST-Driven Surge, Profit Booking Drags Nifty Auto Down

After a sharp surge in recent sessions, the Nifty Auto Index turned one of the top losing sectors on 10th September 2025, slipping 1.28%. Heavyweights contributed to the decline, with

down 2.7%, falling 2.5%, and easing nearly 2%. On the other hand, Balkrishna Industries ( ) gained over 3.6%, providing some cushion to the index. The drawdown for the second consecutive session may be linked to profit booking, as stocks that rallied strongly after GST rate reductions faced selling pressure. Names like and Mahindra & Mahindra retreated from their recent highs, suggesting investors possibly locked in gains. Additionally, valuation concerns could be prompting selective participation, leading to short-term volatility. While GST-related optimism earlier lifted the sector rapidly, near-term price action indicates consolidation pressures may dominate as funds appear to rotate out temporarily. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.