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