BSE Sensex retreats from highs, top gainer Tata Power, Hero MotoCorp shares fall

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BSE Sensex index fell 0.11 percent, Hero MotoCorp Ltd shares fell 1.4 percent. PTI BSE Sensex index fell 0.11 percent, Hero MotoCorp Ltd shares fell 1.4 percent. PTI
SummaryBSE Sensex, NSE Nifty off 3-year highs ahead of key US monthly jobs report; FIIs extend buying streak to 12th day.

Sensex October 22

Karnataka Bank Ltd shares fell 5 percent after its September quarter profit plunged 75 percent to 289.5 million rupees.

However among stocks that gained, Yes Bank Ltd rose 3.7 percent after its net profit rose 21.2 percent to 3.71 billion rupees, beating analysts' estimates.

Indian sugar companies rallied after global raw sugar futures spiked to a one-year high after a fire engulfed four warehouses in Brazil's Santos port, jeopardizing a fifth of monthly exports from the top producer's main terminal.

Shree Renuka Sugars Ltd surged 10.3 percent, Bajaj Hindusthan Ltd gained 4.2 percent, while Balrampur Chini Mills Ltd rose 1.5 percent.

Wipro rose 1.7 percent ahead of its July-September earnings later in the day.

FACTORS TO WATCH

* Dollar holds near lows before U.S. jobs data

* U.S. oil hits 3-1/2-mth low below $99 on stock build

* Dollar inches higher ahead of U.S. jobs data

* Foreign institutional investor flows

Sensex October 22

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