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Stock Market Plunges as Auto Shares Tumble; Nifty Down 70 Points
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CNBC Awaaz•01-10-2026, 11:57
Stock Market Plunges as Auto Shares Tumble; Nifty Down 70 Points
- •The stock market experienced a sharp decline on Thursday, October 1, primarily due to a nearly 3% fall in the auto index.
- •The auto index has fallen below its level at the time of the GST cut announcement in September 2025.
- •Foreign investors (FIIs) sold shares worth approximately ’10,148 crore on September 30, weakening market buying confidence.
- •High yields on US government bonds are making them more attractive to foreign investors compared to Indian shares.
- •Declining domestic sales for Bajaj Auto and Mahindra increased pressure on auto shares, raising concerns about future earnings.
Key Questions Answered
The stock market experienced a sharp decline primarily due to a heavy drop in auto company shares, with the auto index plunging by about 3 percent.
Foreign investors heavily weakened buying confidence by selling shares worth about Rs 10,148 crore on September 30.
High yields on US government bonds offer strong returns, making US bonds much more attractive to foreign investors compared to Indian shares.
