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Auto and metal stocks decline as profit booking emerges
Auto and metal stocks declined due to profit booking, while defensive stocks attracted selective buying amid mixed broader market sentiment.
Shares of leading auto and metal companies came under selling pressure as traders booked profits after the recent rally. Heavyweights from the metal sector slipped as global commodity prices softened, while auto stocks saw cautious trading amid demand uncertainty. Broader market sentiment remained mixed, with selective buying in defensive stocks offsetting some of the losses seen in cyclical counters.