Comments from the finance minister and Chinese central bank governor have stirred the metals market, while crude oil prices have declined due to reduced demand

However, the formation of a white candle on the daily chart, along with a close above  the previous session’s level, indicates a slight positive bias

Shares of Manappuram General Finance dropped by 15.5 percent this morning after the Reserve Bank banned its subsidiary, Asirvad Micro Finance, from issuing loans

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.

From a technical perspective, momentum indicators continue to signal a negative trend, as Nifty remains  below its short and medium-term moving averages

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

On the technical front, momentum indicators point to a continuation of the bearish trend, with Nifty  trading below its short- and medium-term moving averages

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.