Markets closes in negative amidst volatility.

Indian equities closed in negative amid volatility. Heavy selling activity was witnessed in Pharma, technology, FMCG, while Auto, Oil & Gas and Metal stocks gained. Midcap and Smallcap index declined 0.64% and 1.10% respectively.

The BSE Sensex opened on a negative note, following weak global cues, at 13,360.34, down 109 points from the Friday`s close.

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.

The Sensex ended the day with a loss of 139.34 points, or 1.03% at 13,330.51 after touching a high of 13,559.36 and low of 13,269.62. The broad-based NSE Nifty closed down 9.3 points or 0.23% at 4,039.70.

Overall market breadth was negative. Out of the total 2,649 shares traded at BSE, 1,009 advanced, 1,576 declined while 64 remained unchanged.

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.

Leaders at the BSE Sensex include ONGC and NTPC, which surged over 3% and M&M rose 2.91%. SBI, Tata Steel, Ambuja Cement, Tata Motors, Reliance Infra and Cipla were among the other gainers.

Biggest losers in the 30-share index were Ranbaxy, which slumped 10.45%, Satyam and Infosys plummeted over 7% each. The other losers were TCS, HDFC, BHEL, Hindalco, HDFC Bank, Wipro and ACC.

* Q - Quote , N - News , C - Chart , F - Financials