New Delhi, Sept. 1 -- Hero MotoCorp, Maruti Suzuki and Eicher Motors were the only three stocks from the Nifty 50 pack to close with sharp gains in the challenging month of August. As the domestic market oscillated between losses and gains, it finally closed the month lower as sentiment remained weak over higher US tariffs and sustained outflows from overseas investors.

While the proposed GST cuts across key categories lifted sentiment in mid-August, fears over their impact on government coffers led to a spike in bond yields, which in turn triggered a sharp fall in banking stocks, and the US Fed's rate cut hopes have also failed to lift the tech stocks.

Against this backdrop, auto stocks revved up as sentiment improved on expectations t...