Friday's Market had a volatile selling pressure in small and mid-cap segments Nifty hit low of 10,850 before a smart recovery at the end of the day. Nifty metal was the worst index in friday's trade ending with 5.09%.
Bank Nifty outperformed ending with 77 points higher at 25,119 infibeam was in in focus which corrected 71% of Intraday trade in friday. Nifty Futures and Bank Nifty Futures witnessed a surge in open interest.
On the other hand, Reserve bank of India issued guidelines for prohibiting market abuse which proposed to remove errant participants from accessing the markets.
Medium and Small size companies were dumped on friday by risk averse investors which resulted in most of them coming down to levels not seen in 2018. 1.95 cr of market capitaliation was wiped out on friday as investors lost 14.88 cr in September this was the worst performance of Nifty and Sensex after feb 2016.
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