Stock Market Today: Nifty 50, Sensex snap 2-day winning run, end October with a 3% loss each
Nifty 50 today: Snapping their two-day winning run, frontline indices Nifty 50 and the Sensex resumed their downward march on Tuesday, October 31, amid mixed global cues. Major Asian markets declined today as data showed Chinese manufacturing activity contracted. According to a Reuters report, data from the National Bureau of Statistics showed that China's official purchasing managers' index (PMI) fell to 49.5 in October from 50.2, dipping back below the 50-point level.
The non-manufacturing PMI also fell to 50.6 last from 51.7 in September. Meanwhile, the Bank of Japan (BOJ) tweaked its bond yield control policy again on Tuesday. "As widely expected, the BOJ maintained its -0.1 per cent target for short-term interest rates and that for the 10-year government bond yield around 0 per cent set under its yield curve control (YCC).
But the BOJ re-defined 1 per cent as a loose upper bound rather than a rigid cap and removed a pledge to defend the level with offers to buy unlimited amounts of bonds," reported Reuters. Tracking mixed global cues, Nifty 50 closed the day at 19,079.60, down 61 points, or 0.32 per cent while the Sensex ended with a loss of 238 points, or 0.37 per cent, at 63,874.93. Mid and smallcaps, however, outperformed as the BSE Midcap index rose 0.29 per cent while the Smallcap index closed 0.02 per cent higher.
With today's loss, both the Sensex and the Nifty 50 closed October with a loss of 3 per cent each. (Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) Over 150 stocks, including Canara Bank, TVS Motor Company, Persistent Systems and Solar Industries India, hit their fresh 52-week highs in intraday trade on BSE on Tuesday.
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