Markets settled lower on fag-end sell-off; Sensex drops 311 points – Times of India

MUMBAI: Equity benchmarks ended lower on Thursday as fag-end sell-offs erased early gains, with IT and bank stocks playing poorly amid monthly derivatives expiry. After remaining in positive territory for most part of trading, BSE Sensex It suddenly came under selling pressure during the last half-hour of the session, losing 310.71 points, or 0.53 per cent, to close at 58,774.72.
During the day it touched a high of 59,484.35 and a low of 58,666.41.
Similarly, broad NSE Nifty closed 82.50 points or 0.47 per cent lower at 17,522.45.
From the Sensex pack, Bajaj Finance, IndusInd Bank, Infosys, Tata Consultancy Services, Axis Bank, Power Grid, NTPC, Larsen & Toubro and HDFC were among the laggards. Maruti Suzuki India, State Bank of India, Dr Reddy’s and Titan were among the gainers.
In Asia, markets in Seoul, Tokyo, Hong Kong and Shanghai ended higher.
European stock markets were trading in the green during mid-session deals. Wall Street closed with gains on Wednesday.
Foreign institutional investors (FIIs) bought shares worth Rs 23.19 crore on Wednesday, according to exchange data.