Stock market news, Oct. 31 -- On Thursday, the Indian stock market finished lower, with both the Sensex and Nifty experiencing significant drops. The Sensex declined by almost 593 points, closing at 84,404, while the Nifty decreased by 176 points, ending at 25,878. The main factor behind the market's decline was global uncertainty caused by the US Federal Reserve's recent 25 basis point rate cut, along with comments from Fed Chair Jerome Powell suggesting no firm commitment to another cut in December.

Abhinav Tiwari, a Research Analyst at Bonanza, stated that we are closely monitoring the forthcoming Trump-Xi meeting in South Korea and additional insights from US policy changes, as these will be essential for short-term sentiment.

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