Stock market today, Nov. 3 -- India's benchmark equity indices - Sensex and Nifty - extended their losses for a second consecutive session on Friday, October 31. Nevertheless, both benchmarks posted their strongest monthly gains since March, marking a seven-month high.

The Sensex slipped 465.75 points, or 0.55 per cent, to close at 83,938.71, while the Nifty 50 declined 155.75 points, or 0.60 per cent, to settle at 25,722. The decline was largely attributed to cautious global cues and profit-booking amid mixed corporate earnings.

"Markets edged lower on Friday, extending their ongoing consolidation phase, as the Nifty declined over half a percent. After a flat start, the index attempted to move higher but faced consistent profit booking...