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Nifty 50 has recorded its biggest monthly fall since March 2020. This happened due to continuous selling by foreign portfolio investors in October and pressure of lower than expected earnings of many big companies.
Benchmark indices Sensex and Nifty have fallen by about 6% in the month of October, which is the worst month for the indices in the last four and a half years. Earlier in March 2020, a decline of about 23% was recorded in both the indexes.
This is the first time since May that Nifty has given negative returns in a month. The market closed flat last week. The Sensex was at the level of 79402 on October 25, which came down to 79,389 on October 31.
Sensex fell 553 points and closed at 79,389.
On the last day of the month i.e. 31st October, the Sensex fell by 553 points and closed at the level of 79,389. At the same time, Nifty also declined by 135 points, it closed at the level of 24,205. The maximum decline was 3% in the IT sector.
Muhurat trading in stock market today
There is a tradition of Muhurta trading in the Indian stock market on the occasion of Diwali. Although there is a holiday in the stock exchange on this day, there is a special session of one hour in the market even on the holiday. This is called Muhurta trading.
On this occasion, a one-hour special Muhurat trading session will be organized on the stock exchanges BSE and NSE today i.e. Friday (November 1) from 6 pm to 7 pm. Pre-opening session on Muhurta trading will be from 5.45 pm to 6 pm.
The Muhurta trading time slot will also see trading in multiple segments such as Equity, Commodity Derivatives, Currency Derivatives, Equity Futures & Options, and Securities Lending and Borrowing (SLB). BSE-NSE had announced this in separate circulars on October 20.
