Several technical indicators signal an oversold market due for a bounce back that can last till Diwali. However, next week will be interesting as the market tries to test the recent low
According to the data, among individual stocks, Dalmia Bharat, Dixon, and Polycab have significant open interest positions and rollover to the November series, implying strong momentum in these stocks.
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Domestic equities end in red on geopolitical concerns, mixed earnings, and rising US 10-year yield. Nifty 50 lost 260.90 points to settle at 19,281.75. The Sensex falls 825.74 points to close at 64,571.88.