Mumbai (Maharashtra), Oct. 7 -- : Equities wiped out early gains on Monday as selling pressure in the closing hour weighed in across the board.
The BSE S&P Sensex closed 141 points lower at 37,532 while the Nifty 50 was down by 48 points to 11,126.
Except for media and private bank, all sectoral indices at the National Stock Exchange (NSE) were in the red. Nifty pharma fell by 3.3 per cent, metal by 2 per cent and PSU bank by 1 per cent.
Among stocks, Aurobindo Pharma slid by 19.16 per cent after reports that it has received adverse observations from the US Food and Drug Administration. The federal agency indicated procedural lapses along with the lack of quality control after inspecting Aurobindo's unit 7 between September 19 and 27.
E...