Indian stock markets ended negatively amid volatility. Heavy selling action was seen in stocks including Pharma, technology, FMCG, whereas Auto, Oil & Gas and Metal gained.

Midcap and Smallcap index turned down 0.64% and 1.10% respectively.

The 30-share index, Sensex yesterday (July 14) opened on a negative note, following feeble worldwide cues, at 13,360.34, down 109 points from the Friday’s closure.

Ranbaxy, Satyam, Infosys, TCS, HDFC, Hindalco and ACC were the major draggers.

Asian stocks dropped on Monday, led by transportation and the pharma companies. Transportation companies fell on assumption soaring oil prices will increase the cost, resulting in lower profits. Pharma companies declined after U.S. court alleged Ranbaxy Laboratories failed to meet quality controls on generic drugs.

Finally, the BSE Sensex closed the day at 13,330.51, down 139.34 points after touching a high of 13,559.36 and low of 13,269.62. The broad-based NSE Nifty closed down 9.3 points at 4,039.70.

The overall market breadth was negative as it experienced 1,009 advancements as compared to 1,576 declinations.

All sectoral indices traded in negative led by BSE IT (5.94%), Tech (3.83%) and FMCG (1.46%). However, Metal, Auto and Oil & Gas advanced.

Most active counters on the bourses were ONGC, NTPC, M&M, SBI, Tata Steel, Ambuja Cement, Tata Motors, Reliance Infra and Cipla.

The major losers of the day were Ranbaxy, Satyam, Infosys, TCS, HDFC, BHEL, Hindalco, HDFC Bank, Wipro and ACC.