Mkts in red: Sensex closes below 14,200

New Delhi: The markets remain bearish throughout the day where in it opened on weak note in the morning and proceed to trade in deep red.

On the back of weak global markets, both Sensex and Nifty lose ground during yet another bad day.

Markets witnessed some more panic selling in the last one hour of trading session and closed in deep red amidst heavy gyration through the day.

The Sensex closed down 348.20 points or 2.39 per cent at 14,190.7, and the Nifty ended down 129.10 points or 3.08 per cent at 4,058.3. About 310 shares have advanced, 2,282 shares declined, and 25 shares are unchanged.

The BSE Auto index slipped 3.41 per cent or 196.03 points at 5,554.49. Escorts, Hind Motors, TVS Motor, Punj Tractors and Asahi India ended in red.

The BSE Bankex index fell 2.61 per cent or 197.48 points at 7,362.83. Kotak Mahindra, Allahabad Bank, IOB, Union Bank and Canara Bank were down.

The BSE capital goods index tumbled 5.17 per cent or 513.69 points at 9,425.92. Lakshmi Machine, KEC Infrastruct, Alstom Projects, BHEL and BEML ended negative.

The BSE FMCG index was down 0.93 per cent or 17.73 points at 1,883.44. Shaw Wallace, United Spirits, Colgate, Tata Tea and Dabur India dropped.

The BSE healthcare index toppled 2.58 per cent or 99.16 points at 3,743.78. Glenmark, Matrix Lab, Nicholas Pirama, Apollo Hospital and Biocon plunged.

The BSE IT index plunged 1.01 per cent or 55.39 points at 5,423.76. Moser Baer, Mphasis, HCL Info, Patni Computer and TCS slipped.

The BSE metal index melted down 5.46 per cent or 497.62 points at 8,616.43.

Hindalco, Welspun Guj, SAIL, Hind Zinc and JindalStainless sheded.

The BSE oil and gas index dropped 2.33 per cent or 154.33 points at 6,477.18.

Reliance Natura, MRPL, IOC, BPCL and HPCL were also down.