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
, up 2.9%, and motor cycle manufacturer
, up 1.7%.
rose 4% on a Supreme Court judgment allowing the company to sell and develop some land. Electrical manufacturer
rose 6.9% and power supplier
Among the major losers were India's leading steel manufacturer,
, down 5%. Aluminium manufacturer
slid 4.4% and
lost 4%. Also losing ground were small car manufacturer
, housing finance company
and automobile giant
This story was created through a joint venture between TheStreet.com and IRIS.