Auto Stocks in Reverse Gear as Crude Climbs Past $100

Automobile stocks came under sharp pressure on 12 March, as rising crude oil prices dampened sentiment across the sector. The Nifty Auto index dropped up to 3.17% till 12:15 PM, emerging as the worst-performing sectoral index during the session. The decline followed another weak session on Wednesday when the index had already fallen over 3%. Heavyweight auto stocks led the downturn. Shares of Mahindra & Mahindra declined 3.6%, while Maruti Suzuki India slipped 3.4% and

fell 2.73%. Meanwhile, IndusInd Bank also dropped 4.4%, adding to broader market pressure. The sharp fall in auto stocks comes as crude oil prices moved above $100 per barrel again, raising concerns about higher input costs and potential pressure on demand across the automobile industry. The surge in energy prices has weighed on investor sentiment across the sector. 📌 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.