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,
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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 Tata Motors Ltd. Report
.
This story was created through a joint venture between TheStreet.com and IRIS.
