Indian Stock markets closed negative for the third consecutive day after a positive opening. Selling was witnessed in select counters at higher levels. The BSE Sensex closed at 10,817 down 81 points after hitting an intraday high of 11,036 and low of 10,715. The Nifty shut at 3,330 down 1.04% or 35 points. It has hit a high of 3,401 and low of 3,296 respectively. Among the broader indices the BSE Midcap Index fell 40 points and the Smallcap Index slipped 65 points. Selling was seen in select capital goods, metals, pharma and banking stocks.

Movers & Shakers

The BSE realty index plunged 4.7 %. The biggest losers in the realty sector were Unitech, Orbit Corp and Mahindra Life, down over 8 % each. The capital goods index fell 2.8 %. Praj Industries, ABB, BHEL, Siemens and L&T slipped 3-8.5%.

The metal index on the BSE shed 1.5 % JSL, Sterlite, NALCO, Hindalco, SAIL and Tata Steel tanked 1-4% in the metal space.

The BSE Bankex fell 0.8% or 42 points to close at 5,274. Axis Bank was down 4% and SBI fell 1.8% while PNB, ICICI Bank and HDFC Bank were gainers.

The Healthcare Index ended down by 38 points or 1.28%. Pharma stocks like Glenmark, Sun Pharma, Cipla, Ranbaxy Labs and Biocon declined 2-4%

In the Sensex pack Maruti Suzuki, DLF and Sterlite Industries were the biggest losers in the group. The stocks fell over 3.8 % each.

ACC was the biggest gainer in the pack rose 5.2 % on good outlook and strong Q1 results.