CLOSING BELL: Sectorally, apart from the BSE IT index, which declined 2 per cent, the Consumer Durables, Metal and Realty indices were the other major losers

Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%

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		<strong>CLOSING BELL: </strong>After gyrating in a narrow band, albeit in the negative zone, for the major part of the trading day, the key benchmark indices cracked heavily in late trades as rising geopolitical crisis, tepid FII flows, and a gloomy global market scenario weighed.</div>
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		Even better-than-expected Q2 performance from TCS, and a proposed share buyback plan by Infosys failed to cheer investor sentiment.&nbsp;</div>
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		The BSE benchmark index briefly hovered in the positive zone as the index touched a high of 58,028 this morning. Towards the end of the day, the BSE index had slumped to a low of 57,050 - down 978 points from the high of the day.</div>
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		The Sensex finally ended with a heavy loss of 844 points at 57,147. In the process, the BSE benchmark index has now shed 1,075 points in the last three straight trading sessions.</div>
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		The NSE Nifty not only dipped below the 17,000-mark, but also below its psychological 200-DMA (Daily Moving Average) placed at 16,986, yet again. The Nifty 50 finally settled at 16,984 - down 258 points on Tuesday.<br />
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		Among individual stocks, Infosys was down 2.5 per cent. Shares of <strong>Tata Consultancy Services (TCS)</strong>&nbsp;declined up to 2 per cent after the company clocked 8 per cent net profit in Q2FY23.&nbsp;<a href="https://www.business-standard.com/article/markets/tcs-q2-results-brokerages-upbeat-on-margin-improvement-macro-risks-remain-122101100239_1.html" target="_blank"><strong>READ ANALYSIS HERE</strong></a><br />
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		Among other IT stocks, Tech Mahindra too shed 2.5 per cent. HCL Technologies and Wipro too declined 2 per cent each ahead of their Q2 results.<br />
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		<strong>Also read: Earnings Preview -&nbsp;<a href="https://www.business-standard.com/article/markets/wipro-q2-preview-revenues-may-jump-17-yoy-profit-seen-dropping-up-to-6-122101100576_1.html" target="_blank">Wipro&nbsp;</a>&nbsp;I&nbsp;&nbsp;<a href="https://www.business-standard.com/article/markets/hcl-tech-q2-preview-margins-to-improve-qoq-revenue-may-rise-up-to-20-yoy-122101100706_1.html?1665480983" target="_blank">HCL Technologies</a></strong></div>
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			IndusInd Bank, down 3.7 per cent, was the major per centage loser among the Sensex 30. Nestle India, Tata Steel, Dr.Reddy&#39;s, Titan, Reliance Industries, Maruti, and Hindustan Unilever were the other major losers. Axis Bank and Asian Paints were the only gainers, up around a per cent each.</div>
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			The broader indices also cracked in tandem with the benchmark index. The BSE Midcap and Smallcap indices were down around 1.5 per cent each.</div>
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			Sectorally, apart from the BSE IT index, which declined 2 per cent, the Consumer Durables, Metal and Realty indices were the other major losers - down 2-3 per cent each.</div>
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			The overall market breadth, too, was fairly negative with more than two declining stocks for every advancing share on the BSE.</div>
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Business Standard

Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2% | News on Markets - Business Standard

Sectoral trends :: IT index reverses initial gains; Infy declines 2.6%, TCS 2%

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Sectoral trends :: Nifty Realty sinks 3%; Oberoi Realty, Sobha tank over 4% each

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BSE SmallCap index dips 1.5%; Panacea Biotec, Everest Industries outshine

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BSE MidCap index ends 1.6% down; JSW Energy, Aurobindo Pharma top laggards

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Broader Market Check :: Mid-, Small-Cap indices fall in tandem with benchmarks

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Sectoral trends at Close :: All indices bleed; Realty index tumbles 3%, IT 2%

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Sensex Heatmap :: Axis Bank, Asian Paints sole gainers on the index

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CLOSING BELL :: Fag-end selling drags Sensex, falls nearly 900 pts

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CURRENCY CHECK :: Rupee trades marginally weaker

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MARKET CHECK :: Nifty breaks below 17,000

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MARKET CHECK :: Bears take over D-Street; Sensex drops 1.5%

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Wipro Q2 preview: Revenue may jump 17% YoY; profit seen dropping up to 6%

IT services major Wipro is set to release its July-September quarter (Q2FY23) earnings on Wednesday, October 12. Brokerages estimate the company to post a revenue growth of 15-17 per cent on a year-on-year (YoY) basis to around Rs 444 crore on the back of large deal wins during the quarter such as the acquisitions of consulting firms Rizing and Convergence. <a href="https://www.business-standard.com/article/markets/wipro-q2-preview-revenues-may-jump-17-yoy-profit-seen-dropping-up-to-6-122101100576_1.html?1665475436" 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/2019-07/17/full/1563363091-0405.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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BSE 500:: Gillette, Nestle India among volume shockers

Gillette India has witnessed unusually high volume of around 25,429 shares on the BSE so far as against its five-day average volume of around 193-odd shares. Similarly, Chola Financial, Sheela Foam, Team Lease Services and Nestle India also witnessed a significant spike in volume on Tuesday. <a href="https://www.business-standard.com/stocks/market-statistics/bse/volume-shocker?indices=21552" target="_blank"><strong>VIEW MORE</strong></a><br />
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Subscription of Rs 1,200 cr rights to aid Rs 584 cr debt repayment: Suzlon

Suzlon Energy would be able to pare its debt by Rs 583.5 crore with full subscription of its Rs 1,200 crore rights issue which opened on Tuesday, the company said. <a href="https://www.business-standard.com/article/international/subscription-of-rs-1-200-cr-rights-to-aid-rs-584-cr-debt-repayment-suzlon-122101100592_1.html?1665479588" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Suzlon Energy" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-02/07/full/1644172650-5671.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Suzlon Energy" width="620" /></div>
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