Closing Bell: Sensex falls 287 points, Nifty down 74 points

Indian equity benchmarks ended near intraday low points
amid profit booking after a seven-session rally amid weak Asian market cues and
foreign fund outflows.

The Sensex failed to hold on to the early gains and
declined 287.70 points or 0.48% to finish at 59,543.96. During the day, it hit
a low of 59,489.02 and a high of 60,081.24. The Nifty fell 74.40 points or
0.42% to end at 17,656.35.

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The broader indices ended mixed with the BSE Midcap index
gaining 0.45% and SmallCap index down 0.35%. The top gaining sectoral indices
on the BSE were Capital Goods up by 1.24%, Auto up by 1.22%, PSU up by 1.07%,
Industrials up by 0.84% and Oil & Gas was up by 0.53%, while FMCG down by
1.10%, Telecom down by 0.91%, Realty down by 0.61%, Utilities down by 0.60% and
Bankex was down by 0.56% were the top losing indices on BSE.

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Top laggards from the Sensex pack were Nestle down by
2.83%, Hindustan Unilever 2.71%, Bajaj Finserv 2.55%, Kotak Mahindra 2.52%,
HDFC 1.59%, Reliance Industries 1.53%, Bajaj Finance 1.44%, Asian Paints 1.18%,
IndusInd Bank 0.83% and HDFC Bank 0.72%.

Among the gainers were Tech Mahindra up by 3.29%, Maruti
Suzuki 2.72%, Larsen & Toubro 1.98%, Dr Reddys Labs 1.52%, State Bank of
India 1.37%, NTPC 1.35%, Mahindra & Mahindra 0.80%, Infosys 0.55%,
UltraTech Cement 0.42% and Sun Pharma 0.30%.

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Asian markets ended mostly lower with the Shanghai
Composite down by 0.04%, Hang Seng down by 0.10%, the KOSPI Composite down by
0.05%, and the Nikkei 225 rose 1.02%.

European stock exchanges were trading on a mixed note in
mid-session deals. US Stock markets ended higher on Monday.

Brent crude, the international oil benchmark was trading
1.27% lower at USD 92.08 per barrel.

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The Indian rupee surged 7 paise to close at 82.81 against
the US dollar, as easing crude oil prices buoyed investor sentiments.

According to stock exchange data, foreign Institutional
Investors (FIIs) offloaded shares worth Rs 153.89 crore on Monday.

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In a special one-hour Muhurat trading session on Monday to
mark the beginning of the Hindu Samvat year 2079, the Sensex jumped 524.51
points or 0.88% to end at 59,831.66. The Nifty advanced 154.45 points, or
0.88%, to close at 17,730.75.

The BSE and NSE will be closed on Wednesday, October 26, on
the occasion of ‘Diwali Balipratipada’.