The BSE-benchmarked Sensex has finally pared all its initial gains to close the day with losses ahead of mixed global cues and profit booking.

The BSE Sensex closed lower by 195.67 points or 1.35% at 14,326.22 while, NSE Nifty ended down by 78.35 points or 1.82% at 4,235.25. The BSE Sensex touched intraday high of 14,668.40 and intraday low of 14,269.77.

Further, the BSE Mid Caps and Small Caps indices also closed with gains of 28.22 and 18.39 points at 4,930.51 and 5,599.57.

Today, the market opened on a quiet note ahead of rally in Asian market. But an hour into opening, the market became choppy and slipped into negative territory. The market was seen struggling throughout the day to stay in the green zone.

However, during final trading hours, the market turned southward and continued to extend losses tracking lower European markets along with weak US index futures.

On the sectoral front, Oil & Gas, Power, Realty, Metal, PSU and Technology stocks contributed to most of the selling pressure. However, FMCG, Capital Goods and Bank stocks remained in limelight as witnessed most of the buying from these baskets.

Losers from the BSE Sensex pack were Tata Power (4.89%), Grasim Industries (4.57%), Reliance Infra (4.33%), Reliance (4.27%), Hindalco (4.15%), M&M Ltd (3.80%), NTPC Ltd (3.58%), Ranbaxy Lab (3.44%), Tata Motors (3.39%) and TCS Ltd (2.91%).

Gainers from the BSE Sensex pack were ICICI Bank (1.84%), ITC Ltd (1.55%), Maruti Suzuki (1.45%), L&T Ltd (0.96%), HDFC (0.31%), JP Associates (0.25%) and BHEL (0.24%).