Read the day in order — the morning call, what happened, and what we made of it.
Indian markets brace for the most volatile trading day of October as monthly F&O expiry coincides with fragile market sentiment and persistent foreign institutional selling.
October 31 marks monthly F&O expiry—historically the most volatile trading session where derivative positions must be squared off by 3:30 PM.
Market opened at 25,984, attempting recovery from Monday's weakness. Bulls tried to regain control, rallying to intraday high of 26,032—a 48-point bounce that generated temporary optimism.
The 22.9% surge in Index Options OI + 49.6% turnover spike indicates aggressive hedging/speculation ahead of expiry, consistent with our morning warning of "powder keg scenario".
