CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain

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		<strong>CLOSING BELL: </strong>The key benchmark indices exhibited high amount of volatility in trades on Thursday, with the NSE Nifty&#39;s 17,000-mark in focus on the weekly futures & options expiry day.&nbsp;</div>
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		The S&P BSE Sensex opened 100-odd points lower following a steep rise in India&#39;s retail inflation to 7.41 per cent in September, which in turn prompted fears of another 50 basis points rate hike by the RBI. Here&#39;s what analysts have to say. <a href="https://www.business-standard.com/article/markets/high-food-price-led-inflation-worrisome-for-markets-policymakers-analysts-122101300280_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		The BSE benchmark languished in the negative zone for the entire day and touched a low at 57,056. The Sensex finally ended 391 points lower at 57,235. Going ahead, the focus will now be on the US CPI data and Infosys Q2 earnings to be released later today.</div>
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		The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957, before eventually settling with a loss of 107 points at 17,017.</div>
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		The broader markets also declined in tandem with the benchmark indices. The BSE Midcap index was down 0.6 per cent, and the Smallcap index shed 0.4 per cent.</div>
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		Among the Sensex 30 stocks, Wipro was the major loser, down nearly 7 per cent at Rs 380. The stock also hit a fresh 52-week low in trades today after the IT major cut down its Q3 revenue guidance. <a href="https://www.business-standard.com/article/markets/wipro-slips-6-hits-52-week-low-on-weak-q3-revenue-growth-guidance-122101300229_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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		SBI, Larsen & Toubro, ICICI Bank, Asian Paints and Bajaj Finance were the other major losers. On the positive front, HCL Technologies was the top performer after the company upped its FY23 revenue guidance. <a href="https://www.business-standard.com/article/markets/brokerages-positive-on-hcl-tech-as-co-ups-fy23-revenue-outlook-stock-up-4-122101300180_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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		<strong>Also read: <a href="https://www.business-standard.com/article/markets/contra-bets-in-hcl-tech-and-wipro-could-give-up-to-20-gains-here-s-why-122101300369_1.html" target="_blank">Contra bets in HCL Tech and Wipro could give up to 20% gains; Here&#39;s why&nbsp;</a></strong></div>
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		Among sectoral indices, the BSE Bankex and Capital Goods were the major losers, down over a per cent each. The Power and Realty indices too shed a per cent each. However, the Healthcare and Metal indices managed to end with notional gains.</div>
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		Among other individual shares, Maharashtra Seamless soared almost 10 per cent in intra-day deals after the company said, its board will consider a stock split and bonus issue proposal on Monday, October 17. <a href="https://www.business-standard.com/article/markets/maharashtra-seamless-hits-10-upper-limit-on-stock-split-bonus-issue-plan-122101300469_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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		The overall market breadth was fairly negative, with more than 2,100 declining stocks as against 1,300-odd advancing shares on the BSE.</div>
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Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%

Business Standard

Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7% | News on Markets - Business Standard

Wipro slips 6%, hits 52-week low on weak Q3 revenue growth guidance

Wipro expect sequential revenue growth of 0.5 per cent to 2.0 per cent for October-December quarter. <a href="https://www.business-standard.com/article/markets/wipro-slips-6-hits-52-week-low-on-weak-q3-revenue-growth-guidance-122101300229_1.html?1665635974" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Wipro" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-04/15/full/1618488020-548.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Wipro" width="620" /></div>
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Brokerages positive on HCL Tech as co ups FY23 revenue outlook; stock up 4%

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	The company raised its full-year revenue growth guidance to 13.5-14.5 per cent, from 12-14 per cent on a constant currency (CC) basis, citing strong order bookings and pipeline. <a href="https://www.business-standard.com/article/markets/brokerages-positive-on-hcl-tech-as-co-ups-fy23-revenue-outlook-stock-up-4-122101300180_1.html?1665635463" target="_blank"><strong>Read more</strong><br />
	<img alt="HCL Tech" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-08/23/full/1629715818-2729.jpg?im=Resize,width=640" /></a></div>

Tanla Platforms rallies 11%; fixes Oct 25 as record date for buyback

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Sterling and Wilson falls 2%; net loss widens to Rs 299 cr in Q2

The net loss has widened from Rs 284.35 crore in same period last year

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Adani Wilmar expects low single-digit revenue growth in Q2; dips over 2.5%

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Axis Bank edges up as CLSA names it top sectoral pick

The brokerage has raised its target price to Rs 1,100

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Veranda Learning drops 2%; arm acquires JK Shah for Rs 338 cr

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Upward revenue guidance lifts HCL Tech; top winner on Sensex

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Wipro declines nearly 6% on weak Q2 results

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SECTORS | Auto, Metal pockets in lead; IT pack weak

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BROADER MARKET | Small-caps, mid-caps defy weak market

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NIFTY GAINERS | Hindalco, Eicher Motors, M&M additional index winners

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NIFTY LOSERS | Wipro leads losses, sinks 5%

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HEATMAP | 11 of 30 Sensex stocks in green; HCL Tech top winner

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OPENING BELL | Nifty opens 40 pts down; 27 of 50 stocks in green

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