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Hero Moto and auto stocks slump up to 6% amid macro worries

Hero MotoCorp logoHero MotoCorp
Sig1.28Sen-3.45Env0.00Soc0.00Gov0.00
Mahindra & Mahindra logoMahindra & Mahindra
Sig1.65Sen-3.25Env0.00Soc0.00Gov0.00
Bajaj Auto logoBajaj Auto
Sig1.45Sen-3.55Env0.00Soc0.00Gov0.00

Hero MotoShares traded lower, falling as much as 6.8% to Rs 5,173, while other auto makers also dropped. The selloff followed broadly strong August auto sales but was linked to bearish macro sentiment, including renewed US-Iran escalation, rising crude and a negative market breadth that hit autos harder due to fuel and input costs.

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