CLOSING BELL: A late rally in the market, helped the benchmark indices end the rather lacklustre day with notable gains. Debutant Fusion MicroFinance ended at a 12 per cent discount to issue price.

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			<strong>STOCK MARKET HIGHLIGHTS</strong></div>
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			After exhibiting lacklustre movement for major part of the trading session, the key benchmark rallied smartly in late deals on the back of buying support in select index heavyweights like ICICI Bank, Bharti Airtel and Infosys.</div>
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			The S&P BSE Sensex, which, touched a low of 61,437 earlier, surged to a high of 61,956 &ndash; up 519 points from the day&rsquo;s low. The BSE benchmark finally settled with a gain of 249 points at 61,873.</div>
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			The NSE Nifty ended 74 points higher at 18,403.<br />
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			Among the Sensex 30 shares, PowerGrid and ICICI Bank surged over 2 per cent each. Bharti Airtel gained 1.8 per cent. UltraTech Cement, SBI, Mahindra & Mahindra, Dr.Reddy&#39;s, Asian Paints and Titan were the other prominent gainers. On the flip side, ITC and Reliance ended with losses of around 0.5 per cent each.</div>
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			The broader indices ended on a flat note. The breadth, however, was marginally negative, with around 1,830 declining shares versus 1,679 advancing stocks on the BSE.</div>
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			Sectorally, the BSE Oil & Gas index advanced a per cent. The Bankex was the other significant gainer. Wheras, the Metal index slipped 0.6 per cent.</div>
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			Among individual stocks, debutant <strong>Fusion MicroFinance </strong>ended at Rs 325, a discount of nearly 12 per cent to its issue price of Rs 368. <a href="https://www.business-standard.com/article/markets/fusion-microfinance-debuts-on-a-weak-note-sheds-9-against-issue-price-122111500750_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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			Oil explorer - <strong>ONGC</strong> hit a 4-month high in intraday trades after the company announced its Q2 results and declared a 135 per cent interim dividend. The stock eventually ended with a gain of 2.4 per cent at Rs 142.50. <a href="https://www.business-standard.com/article/markets/ongc-up-3-hits-4-month-high-post-q2-nos-board-okays-35-interim-dividend-122111500725_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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			<strong>Apollo Tyres </strong>gained over 4 per cent recorded a multi-year high at Rs 303.40 after the company reported a double digit growth in revenue, and earnings before interest, taxes, depreciation, and amortization (Ebitda) in the September quarter (Q2FY23) despite challenging environment.</div>
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	<strong>Primary Market Update</strong></div>
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	<strong>INOX Green Energy Services</strong> IPO managed to sail through on the final day of the offer period. The issue was subscribed up 1.53 times as of 03:45 PM. The QIBs portion was subscribed just 1 time, while the retail quota saw bidding up to 4.54 times.</div>
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	<strong>Keystone Realtors&#39; </strong>issue&nbsp;continued to receive lukewarm response on Day 2 of the offer period. The issue was subscribed just 26 per cent so far, with some interest seen by non-institutional investors.</div>
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Sensex jumps 249 pts on late buying, Nifty tops 18,400; Airtel, ICICI lead

Business Standard

Sensex jumps 249 pts on late buying, Nifty tops 18,400; Airtel, ICICI lead | News on Markets - Business Standard

US markets snap two-day gains to edge up to 1% lower Monday

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