The trends on Gift Nifty also indicate a muted start for the Indian benchmark index. The Gift Nifty was trading around 24,810 level, a premium of nearly 20 points from the Nifty futures’ previous close.

Indian equities in a highly volatile session ended Monday's session (October 21). Nifty closed the session at 24,781.1, down 0.29 per cent or 72.95 points, while Sensex ended lower by 0.09 per cent or 73.48 points at 81,151.27. Broader markets, however, tumbled sharply with Nifty Midcap 100 ending 1.7 per cent lower.

Bajaj Auto, HDFC Bank, Asian Paints, and Mahindra and Mahindra were among the top gainers on the Nifty index. Tata Consumers, Kotak Bank, BPCL, and Bajaj Finserv were among the top losers.

Experts have recommended buying these four shares — Suven Pharmaceuticals, Indigo Paints, Mahindra and Mahindra Financial Services, and Torrent Pharmaceuticals.

Erasing initial gains, benchmark indices Sensex and Nifty closed lower on Monday due to a sharp fall in Kotak Mahindra Bank and relentless foreign fund outflows

The Nifty 50 wrapped up the session with a drop of 0.29%, closing at 24,781, while the Sensex finished the trading day down by 0.09%, closing at 81,151. Over 350 constituents of the Nifty 500 index closed in the red,