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MUMBAI (Commodity Online): Indian bourses opened gap down amid weak global cues. Indices plunged half percent after Fed minutes released late Wednesday signaled continuation of trimming its bond buying program at the usual pace of $10bn-a-month unless economy surprises significantly.

Selling in Banking & Financial and Metal stocks put the pressure on indices. On the flip side, Realty and Capital Goods stocks witnessed buying in opening session. Market traded choppy most of the day. Market extended losses in closing session tracking weak European cues.

Market breadth remained negative amid broader weakness. Midcap and Smallcap indices closed almost flat. Benchmark indices ended with loss of almost one percent in today's session.

Sensex closed at 20536.64 with the loss of 186.33 points and at NSE Nifty closed at 6191.45 with the loss of 61.30 points at the end of the day. BSE MIDCAP index closed at 6377.02 with the gain of 0.08 points and BSE SMALLCAP index closed at 6361.85 with the loss of 10.35 points.

In percentage term key losers were Bank of Baroda Ltd (NSE: BANKBARODA), Kotak Mahindra Bank Ltd (NSE: KOTAKBANK) and Grasim Industries Ltd (NSE: GRASIM) while key gainers were Jaiprakash Associates Ltd (NSE: JPASSOCIAT), Dr Reddy's Laboratories Ltd (NSE: DRREDDY) and Bajaj Auto Ltd (NSE: BAJAJ-AUTO).

On sectoral front almost all the sectoral indices closed in red barring Power and Capital Goods sectors closed marginally in green. Major selling was seen in Banking & Financial, Metal, FMCG, Oil & Gas and IT sectors. Market breadth remained negative amid 1193 advances and 1479 decline stocks.

From the Nifty weight perspective, key losers were ITC Ltd (NSE: ITC), ICICI Bank Ltd (NSE: ICICIBANK) and Housing Development Finance Corporation Ltd (NSE: HDFC) while key gainers were Dr Reddy's Laboratories Ltd (NSE: DRREDDY), Bajaj Auto Ltd (NSE: BAJAJ-AUTO) and Larsen & Toubro Ltd (NSE: LT).