Bombay Stocks Close Lower

The Sensex slips in the last hour.
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BOMBAY -- The Bombay stocks closed lower Tuesday after a final-hour selloff.

The BSE Sensex dropped 66 to close at 10,787. The index is up 61% from a year ago but has lost 14% in three weeks since its May 11 peak.

Losers Tuesday included

Hero Honda

, down 4.8%,

Tata Motors

(TTM) - Get Report

, down 4.5%,

Maruti

and

Bharti Tele

, each down 3.2%.

Gainers were

Cipla

,

Infosys

(INFY) - Get Report

and

Tata Power

, all up about 2%.

Ipca Laboratories

gained 0.9% despite a 17% decline in its yearly profit for 2006.

Indian Oil

rose 2.2% as its shareholders approved a merger with subsidiary

IBP

.

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