Bombay Stocks Close Lower

Bombay stocks closed lower Wednesday, as metals stocks sold off.

The BSE Sensex dropped 217, or 2%, to close at 10,509.

Major gainers included drug maker

Cipla

, up 2.9%, and motor cycle manufacturer

Hero Honda

, up 1.7%.

Bombay Dyeing

rose 4% on a Supreme Court judgment allowing the company to sell and develop some land. Electrical manufacturer

Crompton Greaves

rose 6.9% and power supplier

CESC

added 4.2%.

Among the major losers were India's leading steel manufacturer,

Tata Steel

, down 5%. Aluminium manufacturer

Hindalco

slid 4.4% and

Hindustan Lever

lost 4%. Also losing ground were small car manufacturer

Maruti

, housing finance company

HDFC

and automobile giant

Tata Motors

(TTM) - Get Report

.

This story was created through a joint venture between TheStreet.com and IRIS.