Indian equity benchmarks reversed course to close lower on Thursday, dragged down by tech and the expiry of monthly derivative contracts, while investors waited for clues on future rate hikes in the U.S. from a key central bank event.

Dear Trader… Markets traded volatile and lost nearly half a percent on the monthly F&O expiry day. Initially, the benchmark opened with an uptick and traded range bound for most of the session however a sharp decline in the final hours completely changed the tone. Consequently, the Nifty index settled