At the end of the trading day, the BSE Sensex was down 150.68 points or 0.18 per cent at 84,628.16, and the Nifty50 at the National Stock Exchange (NSE) was down 29.85 points or 0.11 per cent at 25,936.20.
The Indian stock indices ended on a strong note and surged after the larger-than-expected policy rate cut, reflecting elevated optimism among the market participants on the last trading day of the week.
Bagga said, "Indian markets are seeing a mild bounce today. The reason could be short covering going into the monthly expiry on Thursday, 31st October. Traders normally have a propensity to carry over longs more frequently than shorts. Also, the FII selling pressure in the derivatives market
Indian stock indices took a sharp hit Friday, the last trading day of the current week, with all sectoral indices closing deep in the red. The sell-off was broad-based, with the banking and energy sectors taking the biggest hit.
Indian stock market indices Sensex and Nifty were seen inching towards their fresh lifetime highs on the first trading day of the week, driven by a rally in US and fresh foreign portfolio investments