Indian stock market, Nov. 2 -- India's benchmark equity indices - Sensex and Nifty - declined for the second consecutive session on Friday, October 31. However, both indices still recorded their strongest monthly performance since March, marking a seven-month high.

The Sensex dropped 465.75 points, or 0.55 per cent, to close at 83,938.71, while the Nifty 50 slipped 155.75 points, or 0.60 per cent, to end at 25,722. Weak global cues and profit-booking amid mixed corporate earnings weighed on market sentiment. Over the month, the Sensex advanced 4.6 per cent, and the Nifty 50 added 4.5 per cent.

Broader markets traded lower, with the BSE Midcap index slipping 0.55% and the BSE Smallcap index falling 0.40 per cent.

Sumeet Bagadia, Executi...