Study where the benchmark indices Nifty and Sensex closed today but the carnage that has been witnessed in mid and small cap stocks could not be cited because of the broader indices that took huge beating with the BSE Midcap and Smallcap indices that lost by approx 2%.

According to the reports, the 30-share BSE Sensex was down by 108.69 points and closed at 16,730.94. On the other hand, the 50-share NSE Nifty lost the figures by 37.15 points and ended at 5,035.80.

Though in the morning, Indian equities were hoping for some recovery because of the positive US cues as the Sensex begun above the 17,000 mark, all the hopes were cut short in the between. All the early gains were waived off towards the ending hours of trade especially after European markets opened.

Reports also showed that France's CAC, Germany's DAX and Britain's FTSE fell by 1-2% despite meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel today to get any solution to control European debt crisis.

Moreover, Dow Jones and Nasdaq futures also cited a fall by 1%, which is majorly pointing as a negative opening for the US markets.

Some other companies in the list of citing losses were Reliance Power, Reliance Communications, Reliance Infrastructure and Reliance Capital, which were down by 6-8%.