The Sensex rises for the second month and October logs the best monthly return in 2007. The Sensex is up 14.5% in October making it the month of best returns since 1990.

The market is likely to see choppy times ahead, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. Buy specific stocks on dips and exit at new highs, he adds.

The market witnessed some choppiness but was able to hold on to its gains and closed in the positive. The Sensex closed at 19837, up 54 points while Nifty closed at 5900, up 31 points from the previous close. The BSE Midcap Index was up 0.75% and Smallcap Index was up 1.5%. The market breadth was barely positive with advances at 593 against declines of 592 on the NSE. The major Nifty gainers include RPL, Reliance Industries, ONGC and Hindalco, while losers include MTNL, BHEL, L&T and Tata Motors.