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diwali fireworks absent as nifty faces volatility on expiry day

Indian equity markets are consolidating ahead of the monthly expiry of futures and options contracts on October 31, with the Nifty 50 declining by half a percent on October 30. The index has been trading within the 24,100-24,500 range for a week, and a decisive move above 24,500 could signal upward momentum, while a drop below 24,100 may trigger selling pressure towards the August low of 23,900. Key stocks to watch include L&T, Dabur, Tata Power, and IRB Infra.
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