Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended lower for the third successive day, falling around 0.5 per cent lower on Thursday weighed by metals, information technology (IT) and certain banking stocks amid the expiry of September-series futures and options (F&O) contracts.
The S&P BSE Sensex fell 286.91 points (0.48 per cent) to settle at 59,126.36 while the Nifty 50 slipped 93.15 points (0.53 per cent) to end the September F&O series at 17,618.15.
Earlier in the day, both the indices had opened on a flat terrain and traded mostly in a narrow range throughout the morning before slipping towards the afternoon session of trdae. The BSE benchmark had crashed 393.99 points (0.66 per cent) to hit an intraday low of 59,019.28, while the broader Nifty had touched a low of 17,585.35, down 125.95 points (0.71 per cent).
On the Sensex pack, Power Grid Corporation of India, Asian Paints, Axis Bank, Bajaj Auto, State Bank of India (SBI) and Kotak Mahindra Bank were the top laggards of the day. On the other hand, Bajaj twins comprising of Bajaj Finserv and Bajaj Finance, along with NTPC, Sun Pharmaceutical Industries, Hindustan Unilever (HUL) and Titan Company were the biggest gainers.
Among sectoral indices, the Nifty Metal index fell 0.88 per cent due to Hindustan Zinc and Hindustan Copper. The Bank Nifty slipped 0.84 per cent dragged by Axis Bank, SBI and Kotak Mahindra Bank. The Nifty IT index too declined 0.72 per cent weighed by L&T Technology Services and MphasiS.
In the broader market, the S&P BSE MidCap index ended at 25,253.09, up 83.16 points (0.33 per cent) while the S&P BSE SmallCap settled at 28,081.74, up 155.20 points (0.56 per cent).
(with inputs from agencies)