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Markets witness a roller-coaster ride in Oct; banking, realty stocks gain

The high-beta banking and realty stocks were among major gainers.

Bulls deliver knockout punch after opening-hour shocker
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Overseas investors started off as aggressive buyers but turned net sellers during the fag end of the month.

Samie Modak Mumbai
After gaining as much as 8 per cent, the benchmark indices gave up half the gains to end October with a net 4 per cent gain.

At one point, the markets was less than 3 per cent shy of new record highs. However, rising infections in Europe and the US, coupled with a delay in US stimulus announcements, caused a pullback.

The high-beta banking and realty stocks were among major gainers. Index heavyweight Reliance Industries was the biggest drag on market performance, with shares dropping 8 per cent.

Overseas investors started off as aggressive buyers but turned net sellers during

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First Published: Oct 30 2020 | 10:11 PM IST

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