Indian stock markets closed in the red on October 31 as global uncertainties weighed on investor sentiment. The Sensex dropped 466 points, settling at 83,938, while Nifty ended below 25,750. Selling pressure was broad-based, with losses across banking, pharmaceuticals, IT, and FMCG indices. PSU banks outperformed, cushioning the fall, while Nifty Realty was the only gainer. Healthcare, financial services, and auto sectors registered the biggest declines. Volatility was heightened ahead of important macroeconomic announcements and global rate-cut commentary. Analysts expect consolidation within the 25,700–26,100 range in the near term as sector rotation plays out.
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