The Indian markets suffered huge losses today on the back of flat global markets. The benchmark index at the Bombay Stock Exchange closed at 16,877.16, registering a loss of 220.39 points. Although, the BSE gained about 103 points in early morning trade due to the heavy foreign capital inflows; the markets could not sustain the gains. The fall was led by the stocks of banking finance, telecom, auto and select cement companies. However, buying in technology, metal, FMCG and pharma stocks capped the losses to some extent. Tata Motors, Reliance Communications, BHEL, GAIL, Tata Power, BPCL, Suzlon Energy and HDFC Bank were the top losers while ITC, Hindalco and Infosys were able to make some profit today. The National Stock Exchange index, Nifty too moved up by 22.70 points in early trade, touching a high of 5,129.45 but continued to remain volatile through out the day. The Nifty finally closed at 5,033.05 with a loss of 72.65 points. The Midcap and Smallcap indices too suffered huge losses. The Midcap index closed at 6428.78; down by 101.97 points. The Smallcap index closed at 7819.56; down by 112.87 points.