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The stock market may see a few days of recovery before falling again, said Sandeep Raina, executive vice president, research, Nuvama Professional Clients Group. "While it is not a panic situation, we may still witness high volatility, which can bring the Nifty down to 18,000 over 3-4 months," said Raina. "But that downside will be very slow."

Foreign and domestic Institutions who participated included ICICI Prudential, Motilal Oswal, Goldman Sachs, Nomura, SBI Life Insurance, HDFC life Insurance, BNP Paribas, All Spring Global, Morgan Stanley, TATA India Consumer Fund, Quant, CLSA Global, Aditya Birla Sun Life, Edelweiss, Reliance General Insurance, Invesco, Kotak Optimus, Bajaj Alliance and others.

Swan Energy partnered with resolution applicant Hazel Mercantile Ltd through its special purpose vehicle - Hazel Infra - to acquire RNEL under Insolvency and Bankruptcy Code (IBC).

Only eight stocks in the smallcap space delivered double-digit returns. Black Box was the top gainer in the week with 20.64% returns.

Wall Street’s “fear gauge,” the Cboe Volatility Index, held above 20 for a second consecutive week after staying below the threshold more than 100 days. Bond volatility gave investors more reason to worry as gyrations of more than 10 basis points on Wednesday and Thursday put further pressure on an earnings season where companies that miss estimates are getting whacked

The ecommerce giant was on track to add almost $90 billion to its market capitalisation based on its last traded share price of $128. Smaller cloud rival Microsoft rose 1.5%, while Alphabet was down about 1.3%.

The chipmaker was set to increase its market value by more than $10 billion, if gains hold. Other chip firms such as AMD , Nvidia and Arm rose 1% to 2%.

Normal trading would be shut on November 12, which is a Sunday. As Diwali also marks the Day 1 of the Hindu accounting calendar, Samvat, it is believed that Muhurat trading on this day brings wealth and prosperity throughout the year.

The short-term trend of Nifty seems to have reversed on the upside and the sustainability of this upside bounce could be crucial to call this an important bottom reversal. Nifty is likely to move up further towards the next overhead resistance of around 19,230 levels. Any weakness from here could find support around 18,850 levels, said Nagaraj Shetti of HDFC Securities.