In October, the Indian stock market faced a downturn due to global events like the Israel-Palestine conflict, foreign investments withdrawal, and changes in US bond rates.
This affected major and smaller stocks. Earnings reports from top IT firms added to the market's volatility. Foreign investors shifted from buying to selling mode, withdrawing significant funds.
Nifty 50 recorded its largest monthly drop this year, with 35 out of 50 stocks experiencing losses. Various sectors like PSU Banks and Metals were notably affected. Concerns persist due to the West Asian crisis and high US bond yields. However, a drop in Brent crude prices can benefit certain sectors.