The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) closed down 0.5% reversing most of yesterday’s 0.6% gain.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.5% to 5,290.5 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.5% to 5,375.2 points
  • AUD/USD at US 76.05 cents
  • Iron Ore up 0.7% to US$64.38 a tonne, according to the Metal Bulletin
  • Gold was flat at US$1,275 an ounce
  • Brent oil down again – this time it was 2.8% lower at US$48.32 a barrel

The RBA kept the official cash rate on hold today, but did note that inflation is expected to gradually rise over the next two years.

Lithium play Orocobre Limited (ASX: ORE) dropped 9.9% to $3.45, giving back some of the gains from yesterday.

Vita Group Limited (ASX: VTG) fell again – this time losing 9.5% to $3.70 – with more potentially negative news coming from the company.

Bellamy’s Australia Ltd (ASX: BAL) continues to sink, losing another 3.6% to $10.96 – a long way off the baby formula company’s 52-week high of $16.50.

Oil stocks were also a drag on the index, with Santos Ltd (ASX: STO) losing 1.7% to $3.51, Woodside Petroleum Limited (ASX: WPL) and BHP Billiton Limited (ASX: BHP) lost 1.2% to $22.80.

On the flipside, miner Rio Tinto Limited (ASX: RIO) was up 2 cents to $54.20 and South32 Ltd (ASX: S32) added 2.3% to close at $2.63.

Here are Tuesday’s top stories:

  1. RBA leaves rates on hold, but the next move could be up
  2. Oil prices sink to 5-week lows: Time to sell your oil shares?
  3. Vita Group Limited share price smashed again
  4. Top stock picks for November
  5. Why these 4 shares are winning on Melbourne Cup day
  6. Here’s why Atlas Iron Limited shares have skyrocketed this week

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Motley Fool writer/analyst Mike King owns shares in Bellamy's Australia. You can follow Mike on Twitter @TMFKinga

The Motley Fool Australia owns shares in Bellamy's Australia. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.