Sensex, Nifty fall for third day in a row dragged by IT, Banking shares

The Indian equity benchmarks fell for third day in a row on Thursday amid volatility owing to monthly expiry September futures and option contracts. The benchmarks fluctuated between gains and losses but fell in afternoon trading dragged by selling pressure in banking, information technology and metal stocks. The Sensex fell as much as 394 points to hit an intraday low of 59,019.28 and Nifty 50 index touched an intraday low of 17,590.95.

The Sensex ended 287 points lower at 59,126 and Nifty 50 index declined 93 points to close at 17,618.

Nifty Metal, IT, Media, Private Bank, Auto and Financial Services indices also fell between 0.4-1%.

On the other hand, Realty, PSU Bank, Pharma, Consumer Durables and Healthcare indexes ended higher.

Power Grid was the top Nifty loser, the stock fell 2.82 per cent to close at ₹ 189.55. Asian Paints, Shree Cement, Axis Bank, Eicher Motors, Hero MotoCorp, Indian Oil, JSW Steel, HSFL Life, Bajaj Auto and State Bank of India also fell between 1.5-2.2%.

Bajaj Finance, Bajaj Finserv, Tata Motors, NTPC, Sun Pharma, Titan, Hindustan Unilever and SBI Life were among the gainers.