The Nifty Auto index was down over 2%, with Bajaj Auto and Hero Moto shares falling around 3% each, while Maruti Suzuki and Mahindra & Mahindra were about 2% lower. Analysts expect the auto index could decline by an additional 10-15% from current levels.
US stocks: US market ends down as Iran peace deal optimism fades
Wall Street closed lower as investors grew pessimistic about Middle East stability. Amazon and Alphabet stocks dipped, impacting major indices like the S&P 500. Brent