TC Mathew

Concerns about declining bank profitability also remain, but analysts suggest the market could recover if a Diwali stimulus like an interest rate cut is announced.

Analysts forecast a single-digit growth for the auto industry this year, indicating ongoing challenges and a tough market environment ahead.

A marginal increase in exports for September provides limited comfort, although a decrease in trade deficit due to reduced imports is noted.

The government's move to sell satellite spectrum without auction faces backlash from telecom firms and Elon Musk's Starlink, but may benefit mobile expansion

On Tuesday, the Indian market closed lower, dragged down by declines in the metals, auto, IT, and pharmaceutical sectors, along with big players like Reliance, Bajaj Finance, and HDFC Life.

Indices fluctuate as Angel One rises 10%, Gopal Snacks falls 2%. Oil prices impact sectors, and gold drops to $2,647 amid a strengthening dollar.

Retail revenue remained stagnant, although profits in the digital services segment grew by 15 percent. Analysts do not expect significant changes in the upcoming quarter, which may keep the stock price low

Wipro's shares rose by up to 3% as the company announced plans for a bonus issue.

Anticipations for second-quarter results from companies are not particularly optimistic, and foreign investors selling off assets to move to China could further depress the market.

Markets@10: The Nifty Bank and Financial Services indices both dropped by about 1% early on but staged a recovery later in the day.