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.

Despite a positive start to Tuesday’s trading session, the momentum was short-lived as investors quickly resumed their 'sell on rise' strategy.

In global markets, gold prices dropped to $2,617, where in Kerala, the price of jewellery gold fell by Rs 1,080, bringing it down to Rs 56,680.

Trump's win has resulted in this significant jump in digital assets, an industry that spent more than $100 million on supporting crypto-supporting candidates in the US elections.

On the technical front, momentum indicators signal a neutral trend, with the Nifty trading below its  short-term and medium-term moving averages.

Excitement in the US markets contrasts with uncertainty in India, as retail inflation nears 7%, company profits decline, crude and gold prices fall, while cryptocurrencies boom.

The Nifty closed Monday's session with a decline of 0.03%, settling at 24,141; the Sensex closed 52.51 points, or 0.07%, lower at 79,433.

Nearly half of the companies missed earnings expectations, suggesting a challenging economic environment.

In global markets, gold prices fell to $2,670 per ounce, while in Kerala, the price of gold jewellery dropped by Rs 440 to Rs 57,760.