Biggest monthly decline in the market in four and a half years: Sensex and Nifty fell by 6%, negative returns in Nifty for the first time since May.

Nifty 50 has recorded its biggest monthly fall since March 2020. This happened due to continuous selling by foreign portfolio investors in October and pressure of lower than expected earnings of many big companies.

Benchmark indices Sensex and Nifty have fallen by about 6% in the month of October, which is the worst month for the indices in the last four and a half years. Earlier in March 2020, a decline of about 23% was recorded in both the indexes.

This is the first time since May that Nifty has given negative returns in a month. The market closed flat last week. The Sensex was at the level of 79402 on October 25, which came down to 79,389 on October 31.

Sensex fell 553 points and closed at 79,389.

On the last day of the month i.e. 31st October, the Sensex fell by 553 points and closed at the level of 79,389. At the same time, Nifty also fell by 135 points, it closed at the level of 24,205. The maximum decline was 3% in the IT sector.

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