Auto stocks were the top NSE losers after media reports on ban on diesel vehicles in Delhi.
Tata Motors fell as much as 4.6 per cent, adding to Friday’s loss of 2.99 per cent. The stock has hit its lowest since October 15.
Mahindra and Mahindra plunged as much as 2.65 per cent, adding to Friday’s loss of 2.31 per cent. The stock has fallen to lowest intra-day level since November 9.
Tata Motors and M&M top two losers on the NSE index.
Maruti Suzuki, which has greater proportion of petrol vehicles, rose 0.84 per cent.
The BSE Auto sub-index is down 0.8 per cent.
The National Green Tribunal (NGT) had on Friday called for a ban on registration of diesel-run vehicles in Delhi to curb air pollution, according to media reports.
NGT has also directed the Centre and the Delhi Government not to buy any diesel vehicles for their departments.
According to analysts, there is no clarity on impact on existing diesel car bookings in Delhi.
According to media reports, the Society of Indian Automobile Manufacturers Association will meet and decide on th NGT order.