CLOSING BELL: Hero MotoCorp, HDFC Bank, Kotak Bank, ONGC, Bharti Airtel, and Dr Reddy's Labs, meanwhile, eked out gains up to 2.6 per cent

Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5%

markets, investor, stock market, broker, trader

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	<b>CLOSING BELL<br />
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	Stock market highlights:&nbsp;</b>Nervousness in the cryptocurrency markets spilled over into equities as global stock markets, including Indian, remained subdued on Thursday. That apart, investors&#39; interpretation of the incoming results from the US mid-term elections kept sentimemt in check.<br />
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	Further, sentiment was also impacted due to nervousness ahead of US CPI data for October. A higher-than-expected print can see the US Fed hike rates more than consensus estimates in its December policy review. That apart, the weekly F&O expiry, back home, was also partly responsible for the overall weak sentiment.</div>
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	The S&P BSE Sensex closed at 60,614 levels today, down by 420 points or 0.69 per cent. It had hit a low of 60,425.47 during the day.</div>
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	The NSE Nifty50, on the other hand, fell 121 points, or 0.66 per cent, to shut shop at 18,036. The index breached below the 18,000-mark during the day to hit a low of 17,969.40.&nbsp;</div>
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	25 of the Sensex constituents, and 39 of the Nifty50 constituents settled in the negative zone led by Tata Motors, Axis Bank, Bajaj Finserv, M&M, Titan, Grasim, Bajaj Finance, Apollo Hospitals, and IndusInd Bank. Hero MotoCorp, HDFC Bank, Kotak Bank, ONGC, Bharti Airtel, and Dr Reddy&#39;s Labs, meanwhile, eked out gains up to 2.6 per cent.</div>
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	Sectorally, all the indices ended in the red with indices falling in the range of 0.3 per cent to 2 per cent.&nbsp;</div>
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	<strong>IPO Update</strong></div>
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	<strong>Five Star Business Finance</strong>: The issue struggled to garner investors&#39; interest on the second day as well, getting subscribed by only 8 per cent till 3:30 PM. The issue closes tomorrow.&nbsp;</div>
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	<strong>Archean Chemical</strong>: This issue managed to nearly sail through on the second day of the offer with around 90 per cent subscription till 3:30 PM.&nbsp;</div>
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	<strong>Kaynes Technology</strong>: This issue, too, walked at snail&#39;s pace with just 6 per cent subscription so far on day 1.&nbsp;</div>

Business Standard

Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5% | News on Markets - Business Standard

Inflation likely slowed in Oct, still well above RBI target band: Report

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	Forecasts ranged from 6.40% to 7.35%, with three-quarters of respondents expecting a figure under 7.00%, well below the recent peak of 7.79% in April. The RBI&#39;s tolerance band is 2-6%. <a href="https://www.business-standard.com/article/economy-policy/inflation-likely-slowed-in-oct-still-well-above-rbi-target-band-report-122111000160_1.html?1668058078" target="_blank"><strong>Read here</strong><br />
	<img alt="Photo: Bloomberg" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-06/13/full/1655117805-7712.jpg?im=Resize,width=640" /></a></div>

Aurobindo Pharma slumps 6% amid reports of Sarath Reddy's arrest by ED

ED arrested Sarath Reddy, director of Aurobindo Pharma, under the money laundering act in the now scrapped Delhi Excise policy case. <a href="https://www.business-standard.com/article/markets/aurobindo-pharma-slumps-6-amid-reports-of-sarath-reddy-s-arrest-by-ed-122111000443_1.html?1668057908" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Aurobindo Pharma wrests second position among drug firms from Lupin" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-02/19/full/1519062791-2478.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Aurobindo Pharma wrests second position among drug firms from Lupin" width="620" /></div>
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WATCH | Can the US midterm election outcome trigger a market rally?

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	The US midterm elections have historically marked bullish pivot points for the stock market, notwithstanding the outcome. Will this time be any different? And will this money chase Indian equities?&nbsp;</div>
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="401" src="https://www.youtube.com/embed/Pufq1WCiY7k" title="Can the outcome of US midterm election trigger a market rally? | US Midterm Election | Market Rally" width="713"></iframe>

Nykaa tumbles 7% on heavy volumes; stock trades ex-bonus for 5:1 issue

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	Till 10:02 am; a combined 57.35 million equity shares had changed hands on the NSE and BSE. <a href="https://www.business-standard.com/article/markets/nykaa-tumbles-7-on-heavy-volumes-stock-trades-ex-bonus-for-5-issue-122111000407_1.html?1668055880" target="_blank"><strong>Read more</strong></a><br />
	<img alt="Nkyaa tumbles 7% on heavy volumes; stock trades ex-bonus" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-11/11/full/1636571943-7462.jpg?im=Resize,width=640" /></div>

Tata Motors slips 5% on Q2 earnings miss; brokerages divided on outlook

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	Improving chip supply and cooling commodity prices will aid revenue and margins recovery and hence aim to deliver strong improvements in EBIT and free cash flows in H2 FY23, the company said. <a href="https://www.business-standard.com/article/markets/tata-motors-slips-5-on-q2-earnings-miss-brokerages-divided-on-outlook-122111000366_1.html?1668054713" target="_blank"><strong>Read more</strong><br />
	<img alt="JLR opens bookings for Discovery Metropolitan Edition" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/18/full/1650278592-6127.jpg?im=Resize,width=640" /></a></div>

Axis Bank dips nearly 4% as govt initiates SUUTI's 1.55% stake sale via OFS

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	According to the lender&#39;s exchange filing, the government, via SUUTI, will offload 46.5 million shares on November 10, and 11. The floor price for the offer shall be Rs 830.63. <a href="https://www.business-standard.com/article/markets/axis-bank-dips-nearly-4-as-govt-initiates-suuti-s-1-55-stake-sale-via-ofs-122111000333_1.html?1668053313" target="_blank"><strong>Read more</strong><br />
	<img alt="Axis Bank" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-09/26/full/1569502887-2702.jpg?im=Resize,width=640" /></a></div>

Lupin posts Rs 130 crore profit in Q2; gains 6% on turnaround

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	The Mumbai-based company had reported a net loss of Rs 2,098 crore in the July-September period of the previous fiscal.</div>
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Deepak Nitrite plunges 8% on poor Q2 nos; PAT down 31% YoY

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Narayana Hrudayalaya rises 5%; Q2 profit rises 70% YoY

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Gujarat Pipavav posts 58% YoY profit growth in Q2; stock up 8%

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Piramal Enterprises sinks 6% on posting Rs 1,536 cr loss in Q2

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Tata Motors slips 4% as Q2 loss comes above estimates

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SECTORS | Auto index top laggard; Pharma outshines

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BROADER MARKETS | Smallcaps flat; Midcaps hold tepid losses

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NIFTY DRAGS | Tata Motors sinks 4%, Axis Bank 2%

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