The Nifty closed the session with a gain of 0.07%, finishing below the 25,000 mark at 24,998; the Sensex wrapped up the day with a 0.18% gain, settling at 81,611.

In light of Ratan Tata's passing, TCS has postponed its result announcement originally scheduled for today, with a new date to be confirmed later

The negative bias may persist if the index sustains below the intraday support level of 24,950.

Tata Group stocks have shown significant growth this year, registering a 15.4% surge in collective market capitalisation since June.

Positive cues from the US and Asian markets boost Indian stock market sentiment

The Nifty fell below 25,000; largecap stocks faced profit booking at higher levels, but mid-and small-cap stocks continued to gain ground.

RBI's announcement initially boosted stock markets but the gains were pared back later in the day

A Hindenburg report on the Adani Group last year had upset the group and led to a sharp decline in its share prices, though the shares revoered later.

However, from a technical perspective, momentum indicators remain negative as the index continues to trade below its short-term moving averages

Monetary policy to be announced today to be in focus; global cues positive as Chinese appeal fades