Mkts log best month since March

Nifty gained 4.5% in October, settling just 2.1% below its all-time high seen in September last year

- REUTERS

Domestic equity benchmarks logged their biggest monthly gains in seven months in October as strong corporate earnings and reasonable valuations drew in foreign investors.

The Nifty 50 and the BSE Sensex gained 4.5 per cent and 4.6 per cent in October, settling 2.1 per cent and 2.4 per cent below their all-time highs reached in September 2024.

On the day, the Nifty 50 fell 0.6 per cent to 25,722.1, and Sensex shed 0.55 per cent to 83,938.71, weighed by private lenders on potential outflows due to new index eligibility rules.