From a technical perspective, momentum indicators point to a negative trend, with the Nifty trading below its long-term and medium-term moving averages

Investment experts suggest that this could be a good time to buy quality stocks at lower prices, with hopes that corporate profitability will improve in the fourth quarter.

The Nifty closed the session with a decline of 0.11%, settling at 23,532 points; the Sensex closed 110 points, or 0.14%, lower at 77,580.

Gold is priced at $2,561 per ounce on global markets, while in Kerala, jewellery gold prices have dropped by Rs 880, now standing at Rs 55,480 per 10 grams

On a technical front, momentum indicators point to a negative trend, with the Nifty remaining below its short-term and medium-term moving averages.

Though the markets are in correction mode, analysts feel there's no threat to long-term economic growth.

Sensex settled 984.23 points lower at 77,690.95 while the broader Nifty ended 324.4 points lower at 23,559.05

Gold prices on the international market stood at $2,610 per ounce, where in Kerala, the price of jewellery gold fell by Rs 320 to Rs 56,360 per pawan.

From a technical perspective, momentum indicators point to a negative trend, with the Nifty trading below its short-term and medium-term moving averages.

A market correction looms as foreign signals turn negative, inflation exceeds limits, interest rate cuts are delayed, and the rupee continues to depreciate.