On Thursday, equity indexes declined as a fag-end sell-off erased early gains, with IT and bank stocks being the villains as monthly derivatives contracts came to an end.

The BSE Sensex abruptly came under selling pressure during the final half-hour of the day after remaining in the green for the majority of the trade, falling 310.71 points or 0.53% to close at 58,774.72. It fluctuated throughout the day from a high of 59,484.35 to a low of 58,666.41. The NSE Nifty also fell 82.50 points, or 0.47%, to finish at 17,522.45.

The top laggards from the Sensex pack included Bajaj Finance, IndusInd Bank, Infosys, Tata Consultancy Services, Axis Bank, Power Grid, NTPC, Larsen & Toubro, and HDFC. Gainers included Maruti Suzuki India, State Bank of India, Dr. Reddy's, and Titan.

International Markets: Markets in Seoul, Tokyo, Hong Kong, and Shanghai all saw gains in Asia. During mid-session deals, stock markets in Europe were trading in the black. On Wednesday, Wall Street closed out the day with gains.

In the meantime, the benchmark Brent crude price increased to $101.3 per barrel, up 0.17%. According to exchange statistics, foreign institutional investors (FIIs) purchased shares on Wednesday for a total of 23.19 crore.

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