Market Summary

Last trading day: Thursday, 29 October

 Global weakness, end of October F&O series saw volatility on the Indian market that ended at the low point of the day but on heavy volumes. The recovery in the day was seen as a short covering rally. Experts believe there could be a bounce in the near-term after 8 straight days of correction and this could be used as an opportunity to book profits. Sensex shut shop at 16052, down 230 points and Nifty was at 4750, down 75 points from the previous close. CNX Midcap index was down 1.25% and BSE Smallcap index was down 1.29%. There was heavy selling in realty stocks, index down 6%. The market breadth was in the negative with advances at 317 against declines of 958 on the NSE. Top Nifty gainers included Mahindra & Mahindra, BPCL and Ranbaxy while losers were DLF, RCom and Reliance Capital.