The Indian markets today snapped its four day rally to close in the red. The benchmark index at the Bombay Stock Exchange closed at 17,938 with a loss of 47 points. The National Stock Exchange closed at 5386, down by 14 points. Although the Sensex opened on a high note, huge profit booking towards the end of the day coupled by weak European cues dragged the markets down.Selling pressure was seen in the stocks of IT and oil and gas whereas shares of capital goods and realty witnessed some buying today. Larsen and Toubro, SBI and DLF were the top gainers while Mahindra and Mahindra, Wipro and Infosys were the top losers today. The Midcap and Smallcap indices also closed in the red. The Midcap index closed at 7355 down by 33 points. The Smallcap index closed at 9369 down by 24 points.