Yesterday Market Summary

Last trading day: Tuesday, 3 November

It was a terrible day for our market that saw relentless profit booking and FII selling. Our market was the worst performing amid its Asian peers. All this on the back of heavy volumes as the market saw a turnover over Rs 1 lakh crore. The volatile and weak day ended at almost the low point of the day. Sensex shut shop at 15404, down 491 points and Nifty at 4563, down 147 points from the previous close. CNX Midcap index was down 2.96% and BSE Smallcap index was down 4.50%. All sectoral indices closed in the negative, with realty and metal stocks getting hammered. BSE Realty index down 9% and BSE Metal index down 6%. The market breadth was negative with advances at 170 against declines of 1118 on the NSE. Top Nifty gainers included Bharti Airtel,Sun Pharma and Cipla while losers were Suzlon, Hindalcoand Unitech.

 While the fall in the market is worrisome, this should be used as an opportunity to reshuffle one's portfolio and buy select good stocks, says Deven Choksey of KR Choksey, on NDTV Profit. His tops picks to accumulate on dips or at current price are RIL, SBI,IDFC and L&T.