4.10 PM: Closing Bell: Nifty falls below 11,350 dragged by metals; IT stocks outshine

Market Close: Last hour profit booking erased all the intraday gains with benchmark indices ended in the red dragged by the metal, auto, pharma and banking stocks.

At close, the Sensex was down 51.88 points or 0.14% at 38365.35, and the Nifty was down 37.60 points or 0.33% at 11317.40. About 957 shares have advanced, 1695 shares declined, and 170 shares are unchanged.

BPCL, HCL Technologies, Wipro, Infosys and Reliance Industries were among major gainers on the Nifty, while losers included Bharti Infratel, Tata Motors, Zee Entertainment, Hindalco Industries and Tata Steel.

Except IT, all other sectoral indices ended in the red. BSE Midcap and Smallcap indices shed 1-1.5 percent.

News Source: Moneycontrol

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