Some brokerages have raised the target price for Paytm stock to Rs 900, and on the other hand, SBI Life shares fell by 5% due to results that were worse than expected.

The IMF and Goldman Sachs project a slowdown in India's GDP growth this year, with declines expected in the second and third quarters.

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

The Nifty 50 ended the session with a 0.15% drop at 24,436 points, while the Sensex ended with a cut of 0.16% at ₹80,090 points.

In Kerala, the price of gold jewellery rose by Rs 320, reaching a record high of Rs 58,720

Goldman Sachs thinks "the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets."

Momentum indicators continue to reflect a negative trend as the Nifty  remains below its short- and medium-term moving averages

The outlook for this year's GDP growth isn’t promising either, causing concern among companies like Nestlé, Tata Consumer, Parle, and Britannia regarding declining urban FMCG sales

The Sensex closed the day with a loss of 931 points, or 1.15 percent, at 80,220.72, while the Nifty 50 settled at 24,472.10, down 309 points or 1.25 percent.

SEBI chief Madhabi Buch was cleared in a government-led investigation; she might now be let to complete her tenure which will come to a close in February next.