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Market closing comments for Monday October 2023 By Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broke

The start of the week was rough, no sugarcoating it. Rising 10-year Treasury yields and the looming Middle East conflict threw a wet blanket on investor enthusiasm. Sensex and Nifty, the big shots of the stock market, took a beating, dropping more than 1% on Monday. Everyone felt the pinch – banks, finance, IT, metal – no sector was spared. Midcap and smallcap stocks got the worst of it, with Nifty Midcap 150 sliding 2% and Nifty Smallcap 250 taking a nosedive by 3%, marking the worst intraday fall in the past month and a half.

As if that wasn’t enough, crude oil prices were all over the place due to Middle East war fears, threatening to push inflation even higher. So, for investors, the strategy? Snatch up those opportunities when the market dips. But traders, listen up – tread carefully, set strict stop losses, and manage those risks wisely. It's a wild ride out there.

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