The Adani Group has been accused of paying ₹2,000 crore in bribes to secure contracts in India, leading to U.S. charges. The allegations have caused political backlash, significant stock losses, and concerns over banking exposure.

In the global market, gold was priced at 2,659 dollars per ounce, where in Kerala, the price of gold rose by Rs 240, reaching Rs 57,160.

Momentum indicators continue to reflect a negative trend, as the Nifty trades below its long-term and medium-term moving averages.

The sharp deceleration in Nvidia's growth compared to earlier in the year is raising alarm bells among investors, particularly those focused on the tech sector.

The summit proved to be an invaluable platform for entrepreneurs, offering them strategic insights and success stories from seasoned business leaders.

Drawing a parallel between investing in stocks and gold, Jain explained that, just as Malayalis have a deep-rooted tradition of investing in gold for the long term, stock market investments should also be seen as a long-term commitment.

Overall, the market sentiment remains bearish unless the index manages to trade and sustain above critical resistance levels.

Investors are focused on upcoming earnings reports, with Amazon results today and Nvidia expected tomorrow, which is expected to shape upcoming market sentiment.

The Nifty 50 closed the session with a decline of 0.34%, settling at 23,453 points. The S&P BSE Sensex closed 110 points, or 0.33%, lower at 77,327

Gold prices rose globally to $2,590 per ounce, while in Kerala, the price of jewellery gold increased by Rs 480, reaching Rs 55,960 per 10 grams.