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Sensex falls 425 points; Nifty settles at 10,944 weighed by autos

Sensex and Nifty today declined more than one percent led by sharp sell off in the automobile and metal stocks. The Key indices fell amid mixed cues from global share markets. Sensex at the Bombay Stock Exchange plunged 425 points to close at 36,546. The Nifty at National Stock Exchange ended down by 126 points to settle at 10,944.

Shares of Tata Motors ended 17.88 per cent lower at Rs 150.15 apiece on National Stock Exchange (NSE) after the auto major reported the biggest quarterly loss among Indian corporates as it was hit by asset impairment in its UK subsidiary, Jaguar Land Rover (JLR) Automotive in the December quarter on Thursday.

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