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

Infosys's revenue from operations in the second quarter of the current fiscal rose 5.1 percent to ₹40,958 crore, compared to ₹38,994 crore in the year-ago period.

The IT giant posted a 21% surge in its net profit to ₹3,209 crore, compared to ₹2,646 crore in the same period last year.

The overall market capitalisation of firms listed on the BSE plunged to nearly ₹457.3 lakh crore from nearly ₹463.3 lakh crore in the previous session, making investors poorer by about ₹6 lakh crore in a day.

The Central government proposes to sell a 5 percent stake in Cochin Shipyard through the OFS with a floor price of ₹1,540 per share.

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 Sensex fell 319 points, or 0.39 percent, to 81,501.36, while the Nifty 50 settled at 24,971.30, down 86 points, or 0.34 percent.

The share price fell by 5%; the government on Tuesday said it planned to divest about 5% of its stake in the company through an OFS, priced at ₹1,540 per share