The domestic stock market finally closed the day with losses, ahead of heavy selling pressure, which emerged across the sectoral indices backed by the weak global markets.

The BSE Sensex closed lower by 362.42 points or 2.38% at 14,875.52 while NSE Nifty dropped by 99.40 points or 2.17% at 4,484. The BSE Sensex touched intraday high of 15,261.03 and intraday low of 14,807.26.

Further, the BSE Mid Caps and Small Caps Indices also settled the day with losses of 121.83 and 128.90 points at 5,113.20 and 5,885.76 respectively.

The impuissance was witnessed in the market since the beginning of trading session, as the domestic stock market today opened with a negative gap.

But, soon the indices registered smart recovery to enter into the positive zone. However, after that, the market was unable to sustain the momentum and slipped once again into negative territory to closed the day with heavy losses.

On the sectoral front, the investors were seen off-loading their position across almost all the sectors led by Oil and Gas, Metal, capital Goods, Realty and Auto index.

The losers from the BSE Sensex pack were Sterlite Inds (7.61%), Reliance Inds (7.48%), Tata Steel (4.77%), L&T (4.76%), Hindalco Inds (4.58%) and DLF (4.37%).

The gainers from the BSE Sensex pack were Ranbaxy Labs (1.91%) followed by TCS (1.85%), HUL (1.74%), Reliance Infra (1.37%), Grasim Inds (1.04%) and ACC (0.94%).