Market Wrap Oct 31: SENSEX down 466 pts, NIFTY50 dips below 25,750 as metal, bank stocks drag; Eternal, NTPC top losers

The Indian stock market ended lower on Friday, October 31, dragged down by losses in metal, consumer, and banking stocks amid mixed global cues and continued foreign fund outflows.

With Friday’s close, the benchmark indices ended their four-week winning streak, as both the SENSEX and NIFTY50 slipped 0.3%, while the Nifty Bank edged up 0.1%. However, the broader markets outperformed, with the Nifty Midcap 100 and Nifty Smallcap 100 rising 1% each.

According to exchange data, on Thursday, the foreign institutional investors (FIIs) sold shares worth ₹3,077.59 crore, while the domestic institutional investors (DIIs) bought equities worth ₹2,469.34 crore on a net basis.

On the global front, Asian markets ended mixed after US stocks retreated from record highs, as Wall Street weighed developments in trade relations with China and earnings from major tech companies.

Japan's Nikkei rose 1.68%, Singapore's Straits Times lost 0.20%, and South Korea's KOSPI gained 0.50%, while Hong Kong's Hang Seng declined 1.32%. Shanghai Composite closed 0.81% lower.

On Wall Street, US stocks ended lower on Thursday as market participants sifted through mixed developments on everything from the US-China trade war to profits for Big Tech behemoths.

The Dow Jones Industrial Average declined 0.23%, the S&P 500 fell 1%, and the tech-heavy Nasdaq dropped 1.57%.

Here are the key developments of Friday's session that you need to know

As many as 3,181 stocks traded on the NSE on Friday. Out of this, 1,266 advanced and 1,806 stocks declined, while 94 scrips remained unchanged.

This indicated that the market breadth was in favour of declines.

A total of 73 stocks hit their 52-week highs, while 49 stocks touched their one-year lows. Besides, 68 stocks hit their upper circuit limits, and 40 touched their lower circuit bands on Friday.

NSE-listed firms' market capitalisation stood at ₹467.67 lakh crore at the end of the session.

India VIX, the volatility gauge, stood at 12.15 levels, rising 0.70%.

The broader market ended lower, with the Nifty Midcap 100 index falling 0.45% to 59,825.90, hurt by declines in Motilal Oswal (-4.81%), Mphasis (-4.62%), and Nykaa (-3.23%).

Similarly, the Nifty Smallcap 100 index slipped 0.48% to 18,380.80, dragged by drops in Bandhan Bank (-8.22%), Creditaccess Grameen (-4.13%), and Devyani International (-3.87%).

On the NIFTY50 index, 41 stocks declined while only 9 advanced on Friday.

Eternal was the biggest laggard, falling 3.45%, followed by NTPC (-2.52%), Cipla (-2.51%), Max Healthcare (-2.5%) and HDFC Life Insurance (-2.09%).

On the flip side, Bharat Electronics (3.98%), Eicher Motors (1.81%), Shriram Finance (1.78%), Larsen & Toubro (1.02%) and TCS (0.81%) were the only gainers on the 50-share index.