The domestic stock market looked nervous on Monday ahead of several major global events. The market is eyeing the US presidential election and the central bank meeting here. The market currently has many events to digest. This is why the market looked cautious yesterday and selling was seen on almost every recovery. Nifty was also successful in breaking the October low for a time. However, later this index closed above 24,000.

Banking stocks put the most pressure on yesterday's decline. Reliance Industries and Sun Pharma also put pressure on the index. HDFC Bank, ICICI Bank and Axis Bank were also under pressure. Overall, nothing positive was gained from yesterday's session. The index managed to save 3,800 and managed to improve by about 160 points from the day's low.

In today's session, yesterday's low will be the key and yesterday's high will be the key. With yesterday's decline, Nifty has now fallen by about 9% from the upper level of 26,277. Selling pressure continues in the broader market as well. Investors have suffered a loss of ₹ 6.5 lakh crore in yesterday's session. Today is also the weekly expiry of Fin Nifty. Apart from this, the impact of the results of ABB India, Bata India, Gland Pharma, IRCTC, JK Paper, KEC International, P&G Health, Raymond and Amara Raja Energy will be seen today. These companies have released their September quarter results after the market closed yesterday. Which companies' quarterly results will be released today? Results of 2 Nifty companies - Dr Reddy's Labs and Titan will be released today. Apart from this, results of Berger Paints, Manappuram Finance and GAIL will also be released from F&O. Results of Mankind Pharma, JK Tyre, eClerx Services and CCL Products will also be released from the cash segment. Signals from global markets This week, the movement of global markets will be decided by the US presidential election and the Fed meeting. Traders will also be eyeing China's NPC meeting. This time, there are indications of a 25 basis point cut in interest rates in the US. Yesterday, all major US indices closed in the red with a decline. Bond traders are currently making defensive bets on the election. Crude oil prices have seen a rise after OPEC+ postponed the production hike. Asian markets are seeing a rise. Economic data will be released in many countries in Asia today. After Monday's holiday, Japan's Nikkei index is trading with a gain of about one and a quarter percent today. However, South Korea's Kospi index has fallen by half a percent. Taiwan index is equally bullish. China and Hong Kong markets are also seeing a rise. FIIs - DIIs figures Foreign institutional investors are net sellers in the cash market on Monday as well. During this period, domestic institutional investors have also bought yesterday. Outlook on Nifty for today HDFC Securities' Nagaraj Shetty said that a trend of weakness is visible on the daily chart of Nifty. He said that this weakness in the index is for a short period. There is support for Nifty at 23,500. At the same time, there is resistance for the index at the level of 24,200. Rupak Dey of LKP Securities said that till the Nifty does not cross 24,100, there will be weakness in the index. He expects that Nifty may slip to the level of 23,650. If this level is broken, then the pressure on the index may increase even more. On the upside, it is important for the index to cross 24,100. After crossing 24,100, the index can go up to 24,500, which is the upper level of the index last week.