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

<div>
	<div>
		<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>
	<br />
	<div>
		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 />
		<br />
		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>
	<br />
	<div>
		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>
	<br />
	<div>
		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>
	<br />
	<div>
		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>
	<br />
	<div>
		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>
	<br />
	<div>
		<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>
	<br />
	<div>
		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>
	<br />
	<div>
		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>
	<br />
	<div>
		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>
	<div>
		<br />
		&nbsp;</div>
</div>
<br />

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

OPENING BELL | Weak opening for Sensex; drops 100 points

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16656328828391.png

PRE-OPEN SESSION | Nifty likely to slip below 17,100 at open

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16656325342031.png

PRE-OPEN | Sensex slides 100 points in pre-market deals

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16656324758847.png

CURRENCY ALERT | Rupee opens 2 paise stronger at 82.30/$

Crypto hackers set for record year after looting over $3 billion: Report

<div>
	Hackers have become adept at exploiting weaknesses in the security, coding and structure of DeFi marketplaces. <a href="https://www.business-standard.com/article/technology/crypto-hackers-set-for-record-year-after-looting-over-3-billion-report-122101300121_1.html?1665631569" target="_blank"><strong>Read here</strong><br />
	<img alt="Photo: Bloomberg" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/13/full/1665627360-608.jpg?im=Resize,width=640" /></a></div>

Stocks to watch: Infosys, Mindtree, HCL Tech, Wipro, Adani Ports, PVR, SBI

<div>
	Stocks to watch today: Infosys, MindTree will report September quarter (Q2FY23) results on Thursday, October 13; HCL Tech saw 7 per cent YoY rise in consolidated net profit to Rs 3,489 crore in Q2FY23. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-today-infosys-mindtree-hcl-tech-wipro-adani-ports-pvr-sbi-power-grid-vedanta-122101300114_1.html" target="_blank"><strong>Read here</strong><br />
	<img alt="algo trading" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-11/30/full/1511984888-3151.jpg?im=Resize,width=640" /></a></div>

Wipro's secret of reducing attrition: Quarterly promotions, salary hikes

<div>
	On delay in onboarding freshers, the company said that it will honour every hiring offer it has made. <a href="https://www.business-standard.com/article/companies/wipro-s-secret-of-reducing-attrition-promotions-and-salary-hikes-122101201154_1.html" target="_blank"><strong>Read here</strong><br />
	<img alt="Wipro" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-04/15/full/1618488020-548.jpg?im=Resize,width=640" /></a></div>

STOCK ALERT | Veranda Learning arm to acquire JK Shah Classes for Rs 337.8 cr

The entire transaction will be funded through a combination of debt and equity

Rupee closes nearly flat at 82.31/$ on Wednesday

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16656306584365.png

Brent Crude trading at $92 per barrel in early deals

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16656303351275.png

US equity futures marginally in green ahead of CPI data

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16656300464793.png

DIIs buy equities worth Rs 85 crore on October 12

FIIs sell equities worth Rs 542 crore on October 12

SGX Nifty signals subdued start to trade, down over 50pts

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16656294495698.png

Asia-Pacific markets trade mixed: Nikkei 225 slip 0.5%

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16656292408514.png