Indian markets close lower

MUMBAI, March 27 (Xinhua) -- Indian markets closed Lower Wednesday after market erased all its morning gains in the later part of the day.

Among the sectors, energy, auto, FMCG, infra, IT, metal and pharma remained under pressure, while some buying seen in the banking stock.

The benchmark SP, BSE Sensex closed at 38,132.88, 100.53 points or 0.26 percent down compared to its previous close at 38,233.41.