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The domestic stock markets closed lower on Thurday, after starting the day on a positive note buoyed by a streghtening rupee and news of import duty hike. The 30-share Sensex closed 219 points at 36,324, even as the broader Nifty 50 ended today’s session below the psychological 11,000-mark, plunging 77 points to 10,977. Sensex and Nifty gave up early gains as September F&O expiry weighed on investor sentiment.

In the Sensex, Yes Bank shares plunged by more than 9% to close at Rs 203.9. Financial stocks were among the biggest losers, with shares of Axis Bank, HDFC, Kotak Mahindra Bank, ICICI Bank, IndusInd Bank plunging by up to 3%. Following the jet fuel duty hike announced yesterday, the three major airline shares Interglobe Aviation, Spicejet and Jet Airways hit their respective 52-week lows.

The September futures and options (F&O) expiry added to market volatility as investors offloaded their long bets in the F&O segment instead of carrying them forward to the next series for October, brokers told PTI.  Global markets reeled after the US Fed raised interest rates for the third time this year Wednesday. The Fed said it still foresees another rate hike in December, three more next year, and one increase in 2020.