Market Highlights: Nifty ends September-series at 17,618, Sensex drops 287 factors; Metals, banks, IT shares fall

Share/Stock Highlights: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) ended decrease for the third successive day, falling round 0.5 per cent decrease on Thursday weighed by metals, info know-how (IT) and sure banking shares amid the expiry of September-series futures and choices (F&O) contracts.
The S&P BSE Sensex fell 286.91 factors (0.48 per cent) to settle at 59,126.36 whereas the Nifty 50 slipped 93.15 factors (0.53 per cent) to finish the September F&O collection at 17,618.15.
Earlier within the day, each the indices had opened on a flat terrain and traded principally in a slender vary all through the morning earlier than slipping in the direction of the afternoon session of trdae. The BSE benchmark had crashed 393.99 factors (0.66 per cent) to hit an intraday low of 59,019.28, whereas the broader Nifty had touched a low of 17,585.35, down 125.95 factors (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 had been the highest laggards of the day. On the opposite hand, Bajaj twins comprising of Bajaj Finserv and Bajaj Finance, together with NTPC, Sun Pharmaceutical Industries, Hindustan Unilever (HUL) and Titan Company had been the largest gainers.
Among sectoral indices, the Nifty Metal index fell 0.88 per cent on account of 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 factors (0.33 per cent) whereas the S&P BSE SmallCap settled at 28,081.74, up 155.20 factors (0.56 per cent).
(with inputs from companies)