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Indian markets fell on October 7, with the Nifty down 0.8% near 22,600 and the Sensex losing over 400 points to around 72,630, amid mixed sentiment after the RBI raised its repo rate by 25 basis points to 5.5%. Titan fell nearly 4% after weaker-than-expected jewellery sales and a JPMorgan price-target cut. Kalyan Jewellers rose 6% on 26% revenue growth.