Markets end lower for second day; Sensex down 466 pts

The domestic share market indices extended their losses to a second straight session on Friday, weighed down by weakness in metal, IT, and media stocks,while gains in PSU banks provided some relief.At close, the Sensex was down 465.75 points or 0.55 percent at 83,938.71, and the Nifty was down 155.75 points or 0.60 percent at 25,722.10. 
Bharat Electonics, Eicher Motors, Shriram Finance, L&T, TCS were the top gainers on the Nifty, while losers were Cipla, Eternal, Max Healthcare, NTPC, Interglobe Aviation.On the sectoral front,PSU Bank index rose 1.5%, while power, metal, media shed 1% each and IT, private bank, healthcare index down 0.5% each.BSE Midcap index slipped 0.5% and Smallcap indices down 0.4%.
Market This Week: 
●For the week, the BSE Sensex and Nifty shed 0.3 percent and 0.6 percent respectively, however, for the month of October, both the indices added nearly 4.5 percent each.
●Market snaps 4-week gaining streak, Sensex & Nifty down 0.3% each
●PSU Banks are biggest outperformers with sectoral index rising 5%
●Broader markets outperform with Midcap index & Nifty Bank giving positive returns
Rupee Close: 
On 31 Oct'25,the Indian rupee ended lower to close at 88.77 per US dollar on Friday.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,Indian equities ended decisively lower after a volatile session, as investors booked profits amid mixed corporate earnings and cautious global sentiment in the backdrop of a strong greenback. Most sectors closed in the red, pressured by renewed FII selling which have turned cautious after Powell’s hawkish statement and US-China trade development did not meet expectations. However, PSU banks outperformed on expectations of increased FDI limits and better Q2 results.After a strong rally, the markets are on a profit booking mode as a large part of the economic developments are factored in. Buy on dips is expected to stay as a trading strategy as optimism remain solid on a QoQ basis.
Market experts recommended five stocks to buy on Friday-JK Tyre & Industries, Chennai Petroleum Corporation, BSL, Indraprastha Medical Corporation, and GRM Overseas.

(Business Correspondent)