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Market gyrates sharply as weak global cues fuel another round of profit-taking in domestic indices

03:55 PM Oct 21, 2021 | FPJ Web Desk

A sell-off in the Asian markets along with mixed early corporate results subdued India's key equity indices. Inflationary concerns due to high transportation fuel prices dented sentiments.

The Sensex was down 336.46 points or 0.55 percent at 60,923.50. The broader Nifty was down 88.50 points or 0.48 percent at 18,178.10. About 1.580 shares have advanced, 1627 shares declined, and 130 shares are unchanged.

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Asian Paints, Hindalco Industries, Reliance Industries, Infosys and Dr Reddys Labs were among the major Nifty losers. Kotak Mahindra Bank, Tata Motors, Grasim Industries, BPCL and HDFC were among the gainers.

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Gaurav Udani, CEO & Founder, ThincRedBlu Securities, said, "The Nifty gave a good recovery after making a low of 18048 , it closed at 18222 down by 43 points since yesterdays close. BankNifty showed a lot of strength today , it closed at 40,030 , up by 510 points. Overall there are mixed signals in market and traders are advised to maintain strict stoploss in trades."

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