Indian equity markets experienced a decline on October 31, as the BSE Sensex closed down 553.12 points, or 0.69 percent, at 79,389.06. The Nifty50 also fell, down 135.50 points, or 0.56 percent, settling at 24,205.35.

This marks the second consecutive session of losses, driven by selling pressure in the IT, FMCG, and banking sectors. Despite a slightly positive start, the indices quickly turned negative and continued to decline throughout the trading day, ending near their lowest points.

October was a challenging month for investors, with the BSE Sensex shedding 5.8 percent and the Nifty50 plunging 6.2 percent. The market's volatility was influenced by mixed global cues, reflecting uncertainties in the financial landscape.