Mkts close weak: IT, pharma stocks slip
Mkts close weak: IT, pharma stocks slip
The markets opened weak mirroring its global peers. At 0958 hrs IST, the Sensex was at 11871 down 61 points.

Mumbai: The markets closed weak as selling in line with global peers due to fear of interest rate hike in US. The Sensex closed at 11,853.85 down 79 points. The Nifty lost 23 points to close at 3455.

The BSE Small Cap Index closed flat at 5,951.79.

The BSE Midcap Index ended flat at 4,986.07.

The BSE sectoral indices closed in the negative terrain. However, auto stocks saw some buying pulling the auto index.

The BSE Auto Index gained 0.4 per cent at 5,145.39. Exide Industries, TVS Motor, Amtek Auto, Asahi India and Punj Tractors gained on the bourses.

The BSE Metal Index gained 0.2 per cent at 8,573.88. JindalStainless, Sterlite Ind, Hind Zinc and Hindalco witnessed buying interest.

The BSE Capital Goods Index was lost 0.4 per cent at 8,023.10. Praj Industries, Crompton Greave, Gammon India, Thermax and Alstom Projects closed lower.

The BSE Bankex was down 0.9 per cent at 5,360.16. Bank of Baroda, IOB, Andhra Bank, Allahabad Bank, HDFC Bank and Union Bank moved downwards.

The BSE Oil and Gas Index lost 1 per cent at 5,717.08. IOC, HPCL, Kochi Refineries and BPCL slipped.

The BSE FMCG lost 1 per cent to close at 2,016.02. Shaw Wallace, McDowell, Colgate, Tata Tea and ITC closed in negative terrain.

The BSE Health Care Index lost 1.2 per cent to close at 3,598.71. Cipla, Nicholas Pirama, FDC, GlaxoSmithKline, Lupin and Sun Pharma closed in negative terrain.

The BSE IT Index lost 1.4 per cent to close at 4,280.89. Satyam, Wipro, Moser Baer, Infosys and HCL Tech closed in red.

The NSE cash turnover was at Rs 6255.56 crore and the NSE F&O turnover was at Rs 22147.93 crore. The BSE cash turnover was Rs 3299.39 crore. Total market wide turnover was at Rs 31702.88 crore.

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